New York, January 20, 2016 – Thalēs Capital Partners (“Thalēs”) is pleased to announce that it has signed an agreement with State Street Global Advisors (“SSGA”) to deliver a suite of SSGA’s cash management solutions to its clients. Traditional cash management has been transformed dramatically given recent regulatory overhaul and market conditions, however institutional investors are still driven by three fundamental objectives: security of principal, liquidity and yield.
The world of cash investing has changed more in recent years than in the 40+ previous years since the introduction of the first money market fund in the 1970s. Regulatory changes include: overnight & weekly liquidity thresholds; redemption gates & liquidity fees; floating NAVs; Basel III liquidity ratio implications, etc. This has affected all Prime Brokers and Future Commission Merchants, and has forced them to change how they deal with customer cash balances.
Institutional investors are challenged to recalibrate their approach to liquid short-term securities (including money market funds) that have been the foundation of their investments and operations. SSGA has long been an industry leader in institutional cash management, and has been an innovator in providing solutions considering each customer’s unique situation and risk/liquidity preference.
“Accessing SSGA’s broad range of cash management solutions helps our Institutional clients optimize the management of their short term cash and liquidity needs”, said Thalēs’ CEO Marc Cohen.
Tim O’Shea, CFO of Thalēs added: “We are excited to work with SSGA and believe that our clients will benefit by having SSGA cash management data added to Harvest, our client facing portal, along with their clearing broker(s) trades, positions and cash balances. This provides Thalēs’ clients with a comprehensive view, delivered as data or various customized reports, of their entire portfolio in our portal.”
Thalēs is a technology-driven derivatives brokerage and capital raising firm servicing institutional market participants. Our team is comprised of experienced practitioners joining from senior roles in prime brokerage, investment management, capital raising, technology, and operations, who are committed to helping our clients succeed. We deploy innovative technologies which, combined with our service platform and expertise, help our clients enhance their trading infrastructures and grow their assets under management. We believe that priority service, access to expert advice, operational mentorship, and automated workflow solutions are critical to the success of our brokerage clients. We help hedge funds shape their stories, refine their strategic plans, and develop the processes required to efficiently raise capital. Founded in 2012, Thalēs is headquartered in New York and has offices in Chicago.
Source: Thalēs Capital Partners LLC
Marc Cohen | CEO
Thalēs Capital Partners LLC
+1 (646) 664-0650