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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.
