6 min readRecent inflation readings have shown promise that price increases are returning to the Fed’s 2% target, a positive for the consumer and economy that may allow the Fed to pivot towards rate cuts. Simultaneously, consumer product manufacturers are facing a pivot of their own. Changes in consumer shopping patterns suggest that the resilience consumers touted…
4 min readRegardless of what you might think about cryptocurrencies, blockchain technology represents an undeniable breakthrough in how we manage information. In the last couple of years, interest in the sector has increased materially, with investments by the top 50 VC firms in the field exceeding $600 million in the first half of 2018 alone. It won’t…
1 min readSurvey Objective To shed light on treasury departments’ efforts to mitigate liquidity risk in short-term cash investment, debt and forecasting practices and changes over time. Key Survey Takeaways Corporate Investment Policies are a Low Priority 41% have not made any changes to their corporate investment policy in the past 2 years. Only 23% have updated their…
2 min readPeer group benchmarking is an important exercise for any industry. Over time, benchmarking can identify current industry trends and contribute to goal setting for organizations that strive to stay current with best practices. Here at Capital Advisors Group, while we maintain peer group investment policies which aid in the construction of new investment guidelines, our…
2 min readCapturing and evaluating risk is a growing mantra for treasurers, not only for cash investments, but across the enterprise, as well. These investors, along with regulators, have demanded more timely investment disclosures to help support their investment allocations. No investment class has made more progress on this front than money market funds, which have moved…
2 min readExecutive Summary We believe that mandatory disclosure of daily market value NAVs will be a significant step toward better risk transparency in money market funds. It is functionally equivalent to the FSOC/SEC’s floating NAV proposal without the unnecessary operational, accounting and tax complexities. When applied along with objective liquidity gates and/or reasonable NAV buffers, the…
2 min readAs 2009 draws to a close, many of us in the corporate treasury world will likely feel this is an easy year to leave in our rear view mirror. With the lingering effects of the credit crisis and ensuing recession The summer of ’09 at Capital Advisors Group has been anything but quiet. Our firm…