Liquidity Management

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Overview

HighMark’s liquidity management strategies seek to provide safety and yield while attempting to maximize income, preserve principal and maintain liquidity. The strategy is available in both cash management and limited maturity implementations.

Investment Philosophy

FUNDAMENTAL ECONOMIC ANALYSIS
Liquidity Management portfolios are positioned based on expected changes in global economic fundamentals. Global economic indicators provide insights into the pattern of business cycles and potential changes in the Federal Reserve policy. Liquidity Management portfolios are structured to capitalize on expected changes in policy while maintaining credit risk characteristics consistent with each client’s investment guidelines.

MARKET AND CREDIT ANALYSIS
In-depth yield curve and sector analysis, as well as historical spread volatility and excess return trends, are analyzed to help identify attractive securities among multiple asset classes and market sectors to enhance portfolio diversification and yield.

PORTFOLIO CONSTRUCTION
Portfolios are tailored to each client’s stated objectives and liquidity needs by diversifying across multiple industries and security types.

RISK MANAGEMENT
The strategies seek to ensure that risk is consistent with client investment guidelines and is managed and minimized through portfolio diversification, monitoring of holdings and interest rate sensitivity analysis.