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Alternative Market Briefing

Horizon publishes cash management guide as in wake of rising importance of asset class

Tuesday, April 08, 2008

Kirsten Bischoff, New York: On April 6th Bloomberg reported, “Equity managers, who oversee about one-third of the $1.9 trillion in hedge funds, held an estimated $90 billion of cash in January, a hoard that dropped to $64.8 billion the next month, according to data compiled by Merrill Lynch & Co. The last time equity funds held cash outside of their trading accounts was in 2004, according to Merrill.”

Today, Horizon Cash Management LLC shared a copy of its new cash management guide, “Cash Management Due Diligence Guide for Hedge Fund Investors and Managers” with Opalesque. The guide is designed to assist both hedge fund managers and investors in developing more comprehensive risk analysis for cash management. It encompasses 50 questions which Horizon has culled from both manager and investor sources across a variety of strategies and sectors.

"With hedge funds taking a more defensive posture or increasing cash to take advantage of 'fire sale' pricing of assets, cash is rising as a percentage of total assets in hedge funds," said Pauline Modjeski, President. “In the last 12 months, cash has become an even more important asset class. Today, investors forget about cash at their peril and Horizon’s new guide will help them take control of their cash balances in terms of risk, structure, availability and performance.”

For a copy of this guide please contact info@horizoncash.com

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