HSBC's Knight Writes on "Five Effective Principals of Cash Management". The latest
GTNews.com (
see yesterday'
s "
Link of the Day" for more) includes
a number of money fund-focused articles. The lead, by
HSBC Investment's Peter Knight, discusses "
five principals that have proven to be effective cash management for corporations". These tenets include: "
Manage cash flows effectively, "
Forecast cash flows accurately, "
Tranche cash flows intelligently (into short-term "operational" cash, medium-term "core" cash, and long-term "strategic" cash)", "
Establish an appropriate investment policy", and "
Implement effective investment management". Knight, former Chair of
IMMFA is currently overseeing
HSBC's expansion into the U.S. institutional money fund business.