Horizon Cash Management seeks to expand in Europe

Chicago-based Horizon Cash Management has announced plans for an extended drive for European business.

The 20-year old operation, which manages some $2.5bn in cash deposits and near assets, said its intentions reflect manager and investor recognition on both sides of the Atlantic of the importance of the cash process within investment portfolios, and the value of independent, third party cash management services to maximize investment returns.

Horizon Cash Management was founded in 1991 by Diane Mix (now Chairman). Its global clients including managed futures funds, family offices, hedge funds and institutional investors. The cash management services are complemented by Secure Deposits solutions.

“A key driver of our European plans is the increasing success and popularity of CTAs or managed futures managers,” said Pauline Modjeski, Horizon’s CEO. “Horizon has a particular expertise in this area arising from the fact that managed futures regularly require the holding of a higher proportion of cash than other alternative investment strategies. We have upwards of 70 separate managed accounts but recent growth in numbers has been largely from the US, and we’re actively looking to expand this number by reflecting the strength of the European sector.”

The use of managed futures is on the rise, according to industry data. Barclayhedge (no relation to Barclays Bank) recorded almost 100 new fund launches in 2010 and 2011 although performance has been down with the CTA Index falling a little over 3% during 2011 (the Hedge Fund Research fund weighted composite index of all alternative investment strategies fell nearly 5% during the same period).


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