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    Liquidity management

    We offer a wide variety of traditional and customized liquidity strategies to help meet your liability cashflows, increase potential returns from your liquid assets and manage Treasury assets.

    How can we help?
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    Generate cashflows to help fulfil your obligations

    Generate cashflows to help fulfil your obligations

    A portfolio of assets that delivers contractually-defined cashflows, managed to maturity, can deliver a stream of income and maturity payments tailored to your projected cashflows.

    This can help you meet your cashflow needs without being forced to sell assets to meet your obligations.

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    Enhance the yield of your liquidity pool

    Enhance the yield of your liquidity pool

    Enhancing the yield from your liquidity pool can be possible, by incorporating liquid, low-risk assets with varying levels of yield potential.

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    Seek out higher returns from AAA-rated assets

    Seek out higher returns from AAA-rated assets

    Seek a higher yield from AAA-rated investments that are highly liquid and secured against collateral, but potentially offer a premium over cash due to complexity – rather than additional credit risk.

    Cashflow-driven investment (CDI)

    A customized CDI approach aims to integrate all sources of liquidity and cashflows to help you trade off multiple needs more efficiently. It can help you:

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    Avoid forced-selling risk

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    Avoid a cash drag

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    Maintain flexibility

    Treasury capital management for public entities

    A dedicated team to extend the resources of public organizations to build customized investment portfolios. We have over 18 years’ experience in managing portfolios for clients in the public sector, with global cash assets totaling $120.6bn1.

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    Insight's PSG provides public entities' treasury staff with customized investment portfolios specifically tailored to their individual needs and objectives.

    The PSG employs a team approach comprised of dedicated portfolio managers, credit research analysts, US client service professionals and US operations groups.

    Our PSG strategy is designed to add value to clients' portfolios primarily through five steps in the active management process.
    For each client, we:

    1. determine a duration target and benchmark
    2. actively manage duration to enhance earnings while protecting principal
    3. allocate to sectors based on modeling and fundamental analysis
    4. select securities based on in-depth credit research
    5. provide Government Accounting Standards Board-compliant reporting

    Many public entities are limited to investing in conservative fixed income securities. By actively managing customized portfolios, we can offer each client the greatest opportunity to add value to their portfolio net of fees, within their set guidelines. This can include:

    • preserving capital
    • providing sufficient liquidity
    • achieving a market rate of return

    Meet some of our team

    Our liquidity management capability rests on the experience of over 115 fixed income investment professionals, with expertise ranging across cash portfolios, cashflow-driven investment (CDI) solutions, and the efficient management of liquid assets to support wider objectives1.

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    Shivin Kwatra, CFA

    Head of LDI Portfolio Management

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    Shivin Kwatra, CFA

    Head of LDI Portfolio Management

    Shivin joined Insight in November 2017 as Head of LDI Portfolio Management for North America. Prior to this, Shivin was a senior portfolio manager at Goldman Sachs Asset Management, where he managed fixed income and LDI portfolios.

    He started his career within the Investment Bank at JP Morgan on the Structured Products and Derivatives Marketing team. He was a founding member of the pension advisory group at JP Morgan (which was acquired by Pacific Life) and Head of Direct Investments at Pacific Global Advisors (which was acquired by Goldman Sachs).

    Shivin holds a BSc in Commerce with a concentration in Finance from the McIntire School at the University of Virginia, where he was also the captain of the men’s golf team. He is a CFA charterholder and maintains Series 7 and 63 licenses from the Financial Industry Regulatory Authority and Series 3 license from the National Futures Association.

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    Mary Donovan, CFA

    Senior Portfolio Manager

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    Mary Donovan, CFA

    Senior Portfolio Manager

    Mary joined Insight in 1991 (via predecessor company, Cutwater Asset Management). She is a senior portfolio manager and has worked in the financial services industry since 1989.

    Mary has responsibilities for the public sector group strategy. Additionally, she monitors the credit markets and economic conditions daily to develop active portfolio management strategies consistent with each client’s investment objectives and cash flow needs. Her areas of expertise include US Treasury and high-grade corporate securities and bond swap analytics.

    Mary is a past president of the Colorado Treasury Management Association. She speaks regularly in the US on public funds asset management and is active in many US public finance associations. She holds a BS degree from the University of Colorado and is a CFA charterholder.

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    Jason Celente, CFA

    Senior Portfolio Manager

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    Jason Celente, CFA

    Senior Portfolio Manager

    Jason joined Insight in 1997 (via predecessor company, Cutwater Asset Management). He is a senior portfolio manager overseeing short duration and customized investment strategies for Insight’s public sector group. Prior to this, Jason was an investment accountant for Cutwater’s asset-liability portfolios and short-term mutual funds.

    He has a BS degree from Colgate University and an MBA from the Stern School of Business at New York University. Jason holds Series 7 and 63 licenses from the Financial Industry Regulatory Authority (FINRA) and is a CFA charterholder.

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    David Witthohn, CFA, CIPM

    Senior Portfolio Specialist

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    David Witthohn, CFA, CIPM

    Senior Portfolio Specialist

    David joined Insight in 1997 (via predecessor company, Cutwater Asset Management) and has worked in the financial services industry since 1982.

    David’s areas of expertise include portfolio management and statistical performance review. He has extensive years of experience in working with public entities on their investment portfolios and has additional experience in the areas of institutional mutual funds and bank portfolio management.

    He speaks frequently in the US on public funds asset management and is active in many public finance associations across the US.

    David holds a BA in Business Economics from the University of Pittsburgh and a Master of Science (MSF) in Finance from the University of Colorado. He is a CFA charterholder and also has the Certification for Investment Performance Measurement™ (CIPM).

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