Seeks to achieve consistent returns over cash equivalents with low market volatility. This is accomplished through sector allocation, security selection, and yield curve positioning, all of which play an important role in helping us build and maintain a yield advantage throughout market cycles. Enhanced cash portfolios work best for funds not needed for six months to one year. 

Seeks to enhance income and return targeting operating, core, or reserve funds not needed for more than one year. The goal is to generate consistent excess returns through actively managed sector, security, and yield curve strategies while minimizing interest rate and credit risk. The team leverages fundamental credit research and analytical capabilities to enhance returns. 

Seeks to achieve consistent returns throughout market cycles with low volatility. This strategy is appropriate for a client’s core and reserve funds with a longer-term investment horizon. The portfolio is positioned along the yield curve to capture value as the yield curve shifts over time while the portfolio managers strategically allocate assets to market sectors and rotate sectors as markets change. 

We coordinate with financial advisors, bond counsel, and rebate providers to clarify permitted investments, flow of funds, marked-to-market requirements, and arbitrage regulations. We then implement a sound strategy by fund type for your construction funds, capitalized interest, and debt service reserve funds.