A press release entitled, "Allspring Global Investments and Roberts & Ryan Partner to Launch Money Market Fund Share Class" tells us, "Allspring Global Investments (Allspring), a global asset management firm with $551 billion in assets under advisement, today announced the launch of the Roberts & Ryan share class on all three of Allspring's Government and Treasury Money Market Funds. These share classes are offered exclusively to Roberts & Ryan clients."
It explains, "Roberts & Ryan, America's first service-disabled veteran-owned broker-dealer, specializes in underwriting and executing debt and equity capital markets transactions for corporate treasuries, as well as secondary fixed income and equity trading. Through its social mission, the firm donates a portion of its top-line revenue to world-class nonprofits and foundations that focus on supporting veterans in general wellness, mental health, and career transition through partner nonprofits."
Andrew Owen, president of Allspring Funds comments, "We're excited to provide cash management solutions to Roberts & Ryan's clients. We are proud to work with an organization committed to supporting the veteran community."
Ed D'Alessandro, Roberts & Ryan CEO, adds "Roberts & Ryan is honored to partner with Allspring and its leading Money Market Funds' team. This addition to our suite of services provides our institutional customers with a way to manage their liquidity and generate competitive returns while also having a positive impact on the veteran community, which has provided all of us the freedoms we enjoy every day."
A separate release, "ICD Launches AI Portfolio Analytics Solution for Corporate Treasury Investment Reporting explains, "Corporate treasury professionals who struggle to get a comprehensive view of their entire investment portfolio will now be able to automate the otherwise time-consuming process with a new, AI-driven cloud investment reporting solution, ICD Portfolio Analytics. Launched at the annual conference of the Association for Financial Professionals, ICD Portfolio Analytics comes at a time of heightened awareness of counterparty credit risk following the banking turmoil triggered by the failure of Silicon Valley Bank (SVB) earlier this year."
Indivior Treasurer Bill Lundeen says, "ICD Portfolio Analytics incorporates our underlying fund holdings with other investment positions, making it possible to see our true exposures across all of our investments. This is invaluable given the heightened focus on exposures due to the 2023 bank failures."
The release continues, "In February, 86% of clients responding to ICD's annual survey said they were concerned about counterparty credit risk. Following SVB, 69% of corporate members surveyed by treasury peer group firm NeuGroup said they were considering enhancing or changing their approach to managing counterparty credit risk."
Zachary Brown, ICD's Executive Vice President of Investment Reporting states, "We're solving real problems for organizations that are spending precious resources on low-value work. Currently, organizations are struggling to consolidate and normalize holdings information using spreadsheets and home-grown tools. Their manual process often results in incomplete and delayed views of their investment portfolios, which in turn hampers decision-making and masks compliance violations and exposures."
The release also comments, "ICD Portfolio Analytics creates a single data set of all positions across an organization's entire investment portfolio. Investments may include bank balances and deposits, internally managed investments, separately managed accounts and underlying money market fund and bond fund holdings."
It adds, "The solution's proprietary process automatically ingests data from reporting sources such as custodians, asset managers, ERPs, treasury management systems, banks and other data sources, which come into the organization in different file formats. Using machine learning, the solution aggregates and harmonizes the data and stores it in a normalized database for analysis and reporting."
Finally, ICD writes, "In addition to providing institutional investors with counterparty, country, sector, ratings and maturity exposure information at their fingertips, the data set's comprehensive nature enables investors to ensure their portfolio is within their company's compliance rules and investment guidelines. ICD Portfolio Analytics builds on ICD's 20-year history of co-innovating with clients to solve the investment related challenges faced by treasury organizations."
