Bangkok--13 Jul--Standard & Poor's
Standard & Poor's Ratings Services believes that California investment pool funds are in a good position to respond to any risks that may arise, according to a report published today on RatingsDirect. The report, titled "California County And Local Government Investment Pool Managers Walk The Line To Provide Liquidity And Higher Yields" elucidates the results of an annual survey that Standard & Poor's collects from California investment pool managers.
The report finds that investment pool managers are balancing the potential risks of attempting to increase the interest-rate yield of their pools by simultaneously increasing their surveillance of them. The trick, according to the article, is to keep the investment pool liquid enough to meet withdrawal demands while still obtaining some yield in a relentlessly low interest rate environment. Achieving the latter generally entails tactically allocating a portion of the pool to longer duration investments. Investment managers must also be cognizant of the external and macro-risks that could affect the prices of their assets. The article provides an in-depth picture of the measures investment managers take to ensure this occurs.
The report is available to subscribers of RatingsDirect on the Global Credit Portal at www.globalcreditportal.com. If you are not a RatingsDirect subscriber, you may purchase a copy of the report by calling (1) 212-438-7280 or sending an e-mail to
[email protected]. Ratings information can also be found on Standard & Poor's public Web site by using the Ratings search box located in the left column at www.standardandpoors.com. Members of the media may request a copy of this report by contacting the media representative provided.
Media Contact:
Edward Sweeney, New York (1) 212-438-6634,
[email protected]
Analyst Contacts:
Gabriel Petek, CFA, San Francisco (1) 415-371-5042
Joel C Friedman, New York (1) 212-438-5043