Investment consulting for treasury and finance departments

At a glance

  • Consulting services for finance and treasury departments regarding all financial/economic issues (e.g. treasury management, developing the investment strategy, determining investment regulations and guidelines, implementing and monitoring investments)
  • Financial risk management regarding interest and currency risks, contract risks, liquidity risks, and market risks
  • Consulting services regarding specific issues such as hedging strategy, derivatives, etc.

Consulting services for finance and treasury departments

Nowadays, the area of activity of modern treasury departments comprises various tasks such as cash management, liquidity management, debtor management and asset and pension management. The primary aim of treasury management is to optimize the investments and the liquidity as well as the management of interest and currency risks or risks related to the commodity market. In this context, numerous financial problems arise. For different reasons, many companies have financial assets that need to be professionally invested.

Amongst other issues, we assist companies in the following:

  • Determining the risk profile as a function of the investment horizon, future liabilities, earnings volatility and other influencing factors
  • Determining the risk/return-optimized capital structure (asset liability management) and defining an investment strategy
  • Advice on the optimal currency hedging strategy and risk management instruments
  • Compliance with the key principles of corporate governance (investment regulations)
  • Determining investment guidelines for internal and external asset managers
  • Selecting the best and most cost-effective instruments for implementing the investment strategy / cost comparison asset managers
  • Investment controlling and monitoring investments regarding risk and return
  • Second opinions (e.g. independent evaluation of internally achieved investment results)

 


Contact persons

Dr. Hansruedi Scherer
Partner
Contact

Dr. Andreas Reichlin
Partner
Contact

 


Publications

Move left Move left
Is faith in past winners justified?

Is faith in past winners justified?

Rankings of top performers are publicly available for retail funds. However, databases for institutional mandates (segregated accounts and institutional funds) are still incomplete and rare. For our historical simulation of picking past winners we use a set of track records that were submitted by asset managers as part of public and non-public mandate tenders for institutional clients in Europe.

Asset Liability Management Today – Is it Still Fit for Purpose?

Asset Liability Management Today – Is it Still ‘Fit for Purpose’?

The target of asset liability management is to align the assets to the liabilities, i.e. managing risks due to mismatches between the assets and liabilities.

Challenges Pension Funds Face due to Low Interest Rates

Challenges Pension Funds Face due to Low Interest Rates

Risk-averse asset-only investors should go for short duration as risk return is distributed highly asymmetrically.

Asset Manager Selection based on historical performance - English Version

Asset Manager Selection based on historical performance - English Version

Historical performance is a frequently used criterion to select asset managers. Our empirical analysis, however, shows that after hiring an asset manager with such an outstanding performance, the asset manager performs significantly worse in the period after the selection. In some cases, the selected managers even performed significantly worse than a control sample.

Asset Manager Selection under Public Procurement Legislation

Asset Manager Selection under Public Procurement Legislation

"Why has the selection process and transparency become more important in the search of asset managers? What is different in a public procurement process under EU Regulation than in a ´normal´ selection process? How to deal with a very high number of candidates? Our experiences with public tenders in the last 5 years"

Swiss Investors demand CHF hedged share classes

Swiss Investors demand CHF hedged share classes

Hedged options in funds denominated in foreign currencies are becoming a tap priority for Swiss Investors after the franc's rough ride during the summer months.