RAW Capital Partners, the Guernsey-based independent boutique asset management company, has launched a cash deposit fund in conjunction with JCAP Treasury Services.
The RAW Cash Deposit Fund, which is aimed at trustees, company and fund administrators and private clients, represents a unitised version of Jersey-based JCAP's successful cash pooling model that utilises their Trident software.
The investment objective of the fund is to generate a better return than is typically available on one month bank deposits whilst reducing counterparty risk through diversification of banking institutions.
The fund invests solely in a range of bank deposits with high quality institutional counterparties and there is no yield enhancement through derivatives or structured products. Counterparty exposure, liquidity and risk profiles of banking counterparties are actively monitored by JCAP.
Richard Avery-Wright, Chief Executive and co-founder of RAW Capital Partners, said: "We are very excited about launching the RAW Cash Deposit Fund in conjunction with JCAP as the fund represents a valuable addition to cash-based investment solutions. Furthermore, the fund offers investors a convenient method of accessing multiple banking institutions via a single investment and potentially enhancing investment returns as well."
Jeremiah O'Keeffe, Chief Executive and Chairman of JCAP, commented: "Cash needs to be pro-actively managed in today's challenging market and the RAW Cash Deposit Fund provides an ideal alternative for holders of cash assets that earn little or no return elsewhere. JCAP are delighted to have been chosen by RAW Capital Partners to act as cash managers for the Fund."
For more information about Guernsey's finance industry please visit www.guernseyfinance.com.
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