​ Columbia Mgmt Hires Pat Ford in Cash Investment Group from BlackRock. On Tuesday, Columbia Management, which manages $​200 billion in "​cash", will announce the hiring of former PNC and BlackRock 20+ year veteran Patrick Ford as managing director and senior portfolio manager for Cash Investments. Columbia Head of Cash Investments Randall Royther says, "Cash management is a vital and rapidly growing part of Columbia'​s investment business. Investors -- both institutional and retail -- want to maximize risk-​adjusted returns in their cash strategies. Patrick has proven expertise in generating alpha through cash and short-​term investments, and we welcome his addition to the team". Ford will "​develop and execute overall portfolio strategy for the cash investments platform, supervise a team of portfolio managers and co-​manage Columbia'​s prime 2a-​7 funds," said a draft of the pending press shared exclusively with Crane Data.

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