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Deconstructing a money market fund
Dom Piper is Managing Director, Global Liquidity with J.P. Morgan Asset Management Historically the term ‘money market fund’ was a fairly loose catch all definition for various short duration funds...
View ArticleQ&A with Amundi’s Nathalie Coffre
Nathalie Coffre is head of short term solutions management at Amundi. She spoke to Room151 Quarterly magazine in October about the highs and lows of liquid bond fund management. What do you do at...
View ArticleProperty fund swells as treasurers look beyond deposits
A property fund designed for local authority treasurers has accumulated more than £250m, signalling growing increasing interest in alternative investments among local authorities. The CCLA Local...
View ArticleMEPs and practitioners to thrash out MMF proposals
European politicians are to hold a round table with industry experts in an attempt to resolve proposals for the future of money market funds. Earlier this month, the European Parliament’s economic and...
View ArticleIs a flight to bonds on the cards?
At Room151’s recent conference for local authority treasurers, 32% of the audience said they were likely to ‘significantly increase their allocations’ to corporate bonds over the coming year. That was...
View ArticleFitch upgrades building societies as funding costs fall
Ratings agency Fitch has upgraded three building societies’ issuer default ratings and affirmed them on three others. In an announcement this week, Fitch said that Yorkshire Building Society’s long-...
View ArticleLATIF delegates to decrease investments with UK banks
Local authorities are losing faith in banks as counterparties for their investments, according to a survey of treasurers undertaken by Room151. An electronic survey held during last week’s Local...
View ArticleCouncils warned over bank deposits
Councils must avoid assuming that holding cash in bank accounts is a risk-free option, according to speakers at this year’s Local Authority Treasurers’ Investment Forum. A panel session on councils’...
View ArticleEducation and governance key to housing association loans
Danny Mather is corporate finance manager at Warrington Borough Council. This article was originally published in Issue 4 of Room151 Quarterly magazine. Warrington Borough Council has been providing...
View ArticleBank downgrades likely, says S&P report
Credit ratings on the biggest banks in Western Europe and USA are likely to be downgraded due to the withdrawal of government bail-out support, according to ratings agency Standard & Poors. A...
View ArticleSteve Mason: Borrowing power
A loan of £114m was agreed earlier this year from Northumberland County Council to Northumbria NHS Trust. Steve Mason, the council’s lead executive director, explains how it came about. This article...
View ArticlePeterborough social bond set to reward investors
Investors in a social impact bond (SIB) aimed at reducing ex-prisoner reoffending rates are on track to receive payments after results for the first stage were announced. The Ministry of Justice and...
View ArticleHousing associations increasingly seek alternative lenders
The housing association sector will continue to find it difficult to access funding from banks in coming years, according to ratings agency Moody’s. The report says that the banking sector’s funding...
View ArticleQ&A with Dom Piper: evolving treasury investment strategies
Yesterday, Room151 held a workshop for local authority cash investors which focused on changes to this year’s treasury management strategies. Afterwards, we caught up with session moderator Dom Piper,...
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Two investment opportunities: challenger banks Vs the bond agency
At last week’s CIPFA Conference, all the talk at our stand was around two topics – the LGA’s Municipal Bond Agency and the new challenger banks, particularly Metro Bank and Sainsbury’s Bank who were...
View ArticleIMMFA report slams capital buffer proposal for MMFs
A body representing money market fund managers has warned that European proposals to regulate money market funds (MMFs) could take €250 billion out of the European economy. The Institutional Money...
View ArticleBournemouth launches mortgage loan scheme
Bournemouth Borough Council has launched a finance scheme offering mortgages to homebuyers and loans to local businesses. The council committed to the Community Finance Initiative (CFI) in July 2013...
View ArticleSurviving the QE roller-coaster
With so much discussion within the Local Government Pension Scheme (LGPS) about governance, structural reform and collaborative initiatives, it’s easy to overlook how volatile funding levels have...
View ArticleDCLG figures show inter-authority lending on the rise
Inter-authority lending in the UK rose by 22.9% during the past financial year, figures released by the Department for Communities and Local Government reveal. Updated statistics published this week...
View ArticleBanks more risky for local authority depositors
Michael Quicke is the chief executive of CCLA, investment managers of the Public Sector Deposit Fund and Local Authorities’ Property Fund At the height of the financial crisis, the UK Treasury, like...
View Article![Cloonee, Yandel & ATLAC – Movimiento – Single [iTunes Plus M4A]](http://i.imgur.com/Q8tO40p.jpeg)
