Idle corporate cash, put to disciplined work.

Operating balances that sit still still carry risk: purchasing power erodes with inflation, deposit rates move without notice, and concentration in a single bank is itself an exposure. Most treasury policies were written for a different rate environment and never revisited.

The mandate is designed for capital preservation and predictable cash flow, not for maximising return. Instrument quality, liquidity and diversification come before yield. Capital is at risk and returns are not guaranteed — but the portfolio is built so that the risk taken is proportionate to a treasury use case.

Allocations are limited to quality, publicly traded and liquid instruments — high-grade bonds, short-duration fixed income and, where the treasury policy allows, a limited sleeve of income-producing listed equities. No lock-ups, no unlisted positions, no leverage in the treasury mandate.

Redemptions are processed on a monthly cycle so treasury planning stays predictable. Liquidity terms are matched to the underlying instruments rather than promised on top of illiquid assets.

Exposure limits, instrument standards and reporting are documented in the mandate, with independent custody, administration and annual audit. Reporting is designed to slot into board and audit requirements.

Profitable operating companies, holding companies and post-exit corporate vehicles with surplus balances, a defined liquidity buffer and a board that wants documented governance around treasury decisions. Larger or highly specific mandates can be run as a fund of one.

Share your balance profile, currency exposure and required liquidity buffer, and you receive a written proposal covering permitted instruments, liquidity terms, reporting cadence and fees.