A big thank you to BlackRock Chairman and CEO Larry Fink for addressing our Corporate Cash Investment Summit that BlackRock hosted on October 11th and 12th. “It was my privilege to chat with Larry again in front of NeuGroup members.” – Joseph Neu, NeuGroup Founder and CEO Just back from Asia and amid new geopolitical storms, members appreciated Larry taking the time to address them with so much going on. As much as the insights he shared, Larry made a personal connection with a group of cash investment…
A big thank you to DWS Group for the partnership and to Michael Nourafshan (Block) for hosting our two day Cash Investment Meeting last week in Oakland, California! Kicked off by Laker legend Robert Horry, members heard from 7-time NBA Champion on balancing work/life, leadership from both Horry’s own story and from the great he played with. Other session highlights included: Robert Chen from Applied Materials who shared on portfolio construction in the changing interest rate landscape. Thank you to Jeff Morton from DWS for the many strategies…
Editor’s note: NeuGroup’s online communities provide members a forum to pose questions and give answers. Talking Shop shares valuable insights from these exchanges, anonymously. Send us your responses: [email protected]. Context: The failures of Silicon Valley Bank, Signature Bank and Credit Suisse dramatically drove home the critical need of corporations to keep close tabs on the credit worthiness of their banking partners. In response to the crisis of confidence, some companies moved money out of smaller, regional institutions into large, global systemically important…
February 23, 2023
Empowering Diversity in Finance: Views From Two Women Bank Execs
Loop Capital’s Sidney Dillard and Sobani Warner of Siebert Williams Shank discuss their careers, working at Black-owned firms, the role of D&I coordinators and more. Many multinational corporations in recent years have increased their commitment to hiring banks, brokerage firms and asset managers that are owned by members of minority groups—so-called diverse-owned firms. NeuGroup is committed to learning and sharing more about these firms, the people who run them and the value they bring to corporates in capital markets transactions…
January 12, 2023
Python Paves the Way for Improved Investment Performance
A NeuGroup member shares his company’s success using data analytics and automation to optimize portfolio returns. Data analytics and automation are increasingly popular tools for corporates looking to optimize the management of their investment portfolios. At a recent meeting of NeuGroup for Cash Investment 1, sponsored by Lord Abbett, two members from a Silicon Valley technology company presented on how they led a four-month project leveraging Python to pull critical data into an Excel spreadsheet on a daily basis to monitor…
Higher rates mean higher yields, but 70% of respondents to a recent NeuGroup survey conducted with Clearwater Analytics do not intend to extend duration. Surging inflation, a hawkish Fed and talk of a recession are prompting corporate treasuries to reevaluate their cash investment strategies. However, 70% of respondents to a NeuGroup survey conducted in partnership with Clearwater Analytics, Going Out the Yield Curve: Benchmarking Investment Strategies, report they do not intend to extend duration to take advantage of the uptick…
December 8, 2021
Pain You Can Manage and Pain You Can’t: Separately Managed Accounts
SMAs mean accepting KYC and legal dept. pain, but clear communication can save plenty of heartache with managers. Members joined forces for a panel discussion on the pain points associated with setting up, maintaining and reporting for separately managed accounts (SMAs) at a recent meeting of NeuGroup for Cash Investment. Not surprisingly, the most painful parts are the know-your-customer (KYC) obligations and the legal agreement tug-of-war needed for account setup. The encouraging, somewhat unexpected takeaway: Effective communication and a strong relationship…
September 9, 2021
Hunting for Yield With Crypto-based Lending Amid Regulatory Fog
Corporates seeking better returns on cash by lending crypto weigh falling rates and regulatory uncertainty.News this week that the SEC is investigating Coinbase Global over a lending program and may sue the company could have a chilling effect on corporates that were considering buying and then lending cryptocurrency to pick up yield. But the fact remains that corporate treasuries have been challenged for years to find investments in which to park cash that provide attractive, positive returns.And a small but increasing…