July 2008 8 Min Read
When Leverage Just Becomes Too Much by Willem Reitsma, Imperial Holdings, and Barry Martin, Debt Capital Markets team, Rand Merchant Bank Following a strategic decision taken by the Imperial Board during 2007, the integrated leasing and capital equipment division,...
July 2008 6 Min Read
Using Cash Flow Risk Modelling to Add Value: a case study by Professor Evan Gilbert, Associate Professor (Finance), Graduate School of Business, University of Cape Town Using a Monte Carlo cash flow risk model for a bulk chemicals producer in South Africa we identified...
July 2008 15 Min Read
A Methodology for Adding Value to Business Unit Performance Through the Management of Financial Risk Variables by Nigel Grey, Treasury Manager, De Beers Group Companies today face a multiplicity of obstacles in their quest to achieve the returns on capital required by...
June 2008 9 Min Read
The Time is Now for Money Market Funds Helen Sanders, Editor Regular readers of TMI’s annual Money Market Funds Guides will have witnessed the almost meteoric rise in the popularity and acceptance of money market funds (MMFs), growing from US domestic instruments to...
June 2008 4 Min Read
Cash as a Strategic Asset As investors take a more active approach to their short-term portfolios, they must balance the potential for enhanced returns against risk and liquidity considerations. Cash, a previously under-utilised and overlooked component of most investment...
June 2008 5 Min Read
Boosting Returns with UK Prime Mortgage-Backed-Securities An Interview with Matthew Tatnell, Manager, Aaa-rated Sterling Liquidity Fund and Sterling Liquidity Enhanced Fund, Morley The Institutional Money Market Fund Association (IMMFA) recently announced that money market...
June 2008 8 Min Read
Multi-fund Portals: Meeting the needs of sophisticated investors in a complex world Justin Meadows, Head of Business Development, MyTreasury Ltd The last 12 months have seen the European money market fund (MMF) industry mature rapidly as it faced its first real, or to be...
June 2008 4 Min Read
Why worry about market volatility when you can have cash positive returns? by Adrian Grey, Head of Fixed Income, Insight Investment In late 2006, it was probably fair to say that most people had little idea what a sub-prime mortgage was, and even less that any problems with...
June 2008 4 Min Read
The Growth of Government MMFs by Connie Bugbee, Managing Editor, iMoneyNet Since early August 2007 when investors became aware of problems with subprime mortgages, primarily in the United States, money-market funds both in the US and abroad have been the recipients of huge...
June 2008 5 Min Read
Constant Net Asset Value MMFs and the Financial Crisis by Kathryn Kerle, Vice President – Senior Credit Officer, Moody’s Investors Service Since August 2007, the financial markets have been roiled by distress in the U.S. sub-prime mortgage sector, volatility in...
June 2008 7 Min Read
The Intrepid Treasurers’ Guide to Enhancing Return on Equity by Helen Sanders, Editor The credit crunch has dominated the financial headlines for what seems like an eternity. Although it must (surely!) end eventually, in the meantime treasurers are having to hold...
June 2008 5 Min Read
Enhancing Balance Sheet Efficiency by Richard Bartlett, Head of Corporate Debt Capital Markets, RBS The growth of private equity (PE) fundraising, which increased every year between 2002 and 2007, and exceeded $100 bn in 2007, has been phenomenal. PE investors led the vast...
