managing the city’s money - what outsourcing has to offer california municipal treasurer’s...

Managing the City’s Money - What Outsourcing Has to Offer

California Municipal Treasurer’s Association

Presented by

Joe Ulrey, Senior Managing DirectorRisk Management & Quantitative Products

April 212004

NOT FDIC INSURED NO BANK GUARANTEE MAY LOSE VALUE

CMTA Conference April 21, 20042

What Outsourcing the City’s Money Has to Offer

>Access to Information

>Extend Your Staff

>Know What You Own

>Best Execution

>Ease of Administration

CMTA Conference April 21, 20043

Access to Information

>Economic and market research

>Individual security research

>Rating agency research

>Portfolio management tools

CMTA Conference April 21, 20044

Extend Your Staff

>Get it off your desk

>Allocating resources efficiently

>Disaster recovery

CMTA Conference April 21, 20045

Know What You Own

>Beyond the rating agencies

>Risk management and peer review

>“Buyer Beware!”

CMTA Conference April 21, 20046

Best Execution

>Broker/Dealer relationships

>Trading efficiencies

>Move to the front of the line

CMTA Conference April 21, 20047

Ease of Administration

>Comprehensive reporting

>Internet access

>Performance attribution

>GASB accounting requirements

>Benchmark comparisons

CMTA Conference April 21, 20048

Summary - How Do You Benefit?

>Efficiency

>Performance

>Dedicated professional support