Cash Management, Oversight and Movement

Jason Scharfman ()
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Jason Scharfman: Corgentum Consulting, LLC

Chapter 3 in Alternative Investment Operations, 2020, pp 39-59 from Springer

Abstract: Abstract This chapter provides an overview of the procedures involved in cash management, oversight and movement for alternative investment funds. It begins by providing an overview of the four primary categories of cash: cash for expenses, cash to facilitate investing, cash flow to and from investors and unencumbered cash. In relation to these categories, the concept of where cash is stored will be discussed. Next, we outline common fund structures employed by alternative investment managers and their relation to cash management. These structures include the master-feeder structure, mini master-feeder structure and side-by-side structures. Other topics discussed include alternative investment fund expense policies and cash control best practices.

Keywords: Cash management; Expenses; Expense policy; Investment cash; Investors; Unencumbered cash; Master-feeder; Treasury function; Collateral; Margin; Counterparty risk (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-46629-9_3

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DOI: 10.1007/978-3-030-46629-9_3

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