Horizon Cash Management has said it plans to extend further into Europe. The expansion follows increasing manager and investor recognition of the importance of the cash process within investment portfolios and the value of independent, third party cash management services to maximize investment returns, said Horizon.
The 20-year old cash management company manages $2.5 billion in cash deposits and near assets for clients including managed futures funds, family offices, hedge funds and institutional investors.
A key driver of our European plans is the increasing success and popularity of CTAs or managed futures managers, said Pauline Modjeski, Horizons CEO. Horizon has a particular expertise in this area arising from the fact that managed futures regularly require the holding of a higher proportion of cash than other alternative investment strategies. We have upwards of 70 separate managed accounts but recent growth in numbers has been largely from the US and were actively looking to expand this number by reflecting the strength of the European sector.
Data vendor Barclayhedge records almost 100 new managed future fund launches in 2010 and 2011 although performance has been down with the CTA Index falling a little over 3% during 2011 (the Hedge Fund Research fund weighted composite index of all alternative investment strategies fell nearly 5% during the same period).
(JDC)