BE Investment Bank. (Newsbytes).* Williams Capital Management Trust, which is owned by Williams Capital Group L.P. (No. 1 on the BE INVESTMENT BANK list with $196.2 million in total issues) reported that it launched its first mutual fund, Williams Capital Liquid Assets Cash, or property immediately convertible to cash, such as Securities, notes, life insurance policies with cash surrender values, U.S. savings bonds, or an account receivable. Fund, a prime money market fund. Williams Capital Group L.P. serves as the fund's advisor. The fund is intended to serve institutional investors Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. and is designed for preservation of capital Preservation of Capital An investment strategy whose primary goal is to prevent the loss of an investment's total value. Notes: For investors using the capital preservation strategy to achieve their goal, they must ensure their portfolio is producing a return that is at with maximum liquidity while providing current income. It invests in money market securities such as U.S. Treasuries U.S. Treasury Created in 1798, the United States Department of the Treasury is the government (Cabinet) department responsible for issuing all Treasury bonds, notes and bills. Some of the government branches operating under the U.S. Treasury umbrella include the IRS, U.S. , government agencies, Tier One commercial paper, re-purchase agreements, domestic bank obligations, and floating rate notes. Its maximum average portfolio maturity will be 60 days, and the maximum portfolio maturity will be one year. |
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