While corporations, insurance companies, pension funds and other cash investors in Australia typically invest cash in overnight holdings with banks, many are seeking greater yield, liquidity, diversification and ease of use. As part of an initiative to deliver the portal to customers in the greater Asia-Pacific region, SunGardâs expansion of the portal into Australia includes funds from Goldman Sachs Asset Management & Partners Australia Pty Ltd., and Colonial First State Investments Limited.* The SGN portal helps cash managers simplify tasks and limit the risk of errors. It also helps them integrate information into their treasury systems, including SunGardâs AvantGard corporate treasury, cash and risk management solution, and increase transparency with fund managers by providing a wide variety of fund portfolio data.
Subash Pillai, head of fixed interest and multi-sector at Goldman Sachs Asset Management & Partners Australia Pty Ltd, said, âIn todayâs more volatile credit environment, investors are increasingly focused on managing the credit risks associated with their cash and short term liquidity holdings. As a result, we are seeing a trend towards AAAm rated MMFs due to the ability of specialist investment managers to assess credit and liquidity risks.â
Tony Togher, head of short-term investments at Colonial First State Global Asset Management, said: âAsset managers and corporations seeking diversification of assets, liquidity and opportunity for enhanced yield may be ideally suited to using money market funds.â
John Vander Vennet, managing director, Asia-Pacific for SunGardâs wealth management business, said,
âIt is our experience that since the global financial crisis, corporations, super funds and fund managers tend to hold greater amounts of liquid assets, including cash reserves. SunGardâs Short Term Cash Management portal provides treasurers and asset managers with easy access to a wide variety of money market funds through which they may readily invest these assets. We look forward to working with both investors and money managers in extending SGNâs presence in Australia and more broadly throughout Asia, as well as expanding opportunity for US and European investors already on the portal.â