Money Market Funds: Trends, Historical Insights, and Tech-Based Strategies for Liquidity Portfolios

Co-Hosted with Goldman Sachs Asset Management

Institutional investors are weighing a variety of factors — general market uncertainty, historically low interest rates, recent tax incentives — and concluding that, in 2020, MMFs are an attractive vehicle to de-risk their portfolios and establish liquidity.

The migration has historic precedent: at times of yield curve inversions (1994, 1999, 2007, etc.) investors look for whatever current products can meet their specific short-term needs. What does this trend mean for portfolio yields? And what options are available today?

 Listen to this co-hosted webinar with presenters from Goldman Sachs Asset Management and Clearwater to learn more about:

  • Historic perspectives on past migrations across the yield curve
  • Insights and observations on market trends
  • Why and how investment teams are finding return opportunities in a lower-yield environment
  • Goldman Sachs’ approach to liquidity solutions
  • How new technologies and integrations enhance treasury operations, and related benefits of the Goldman Sachs partnership with Clearwater 
  • Overview of Goldman Sachs Asset Management and Clearwater platform connection (Clearwater Solution and Mosaic)

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(60 minutes)
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Featured Presenters

Christina Kopec

Christina Kopec

Global Head of Liquidity Solutions Product Strategy, Goldman Sachs Asset Management

Christina is global head of the Liquidity Solutions Product Strategy team in Goldman Sachs Asset Management (GSAM). She is responsible for the product and client communications strategy for the GSAM money market and short duration products, as well as the digital strategy for the Liquidity Solutions technology offering. 

Previously, Christina was head of product management for Fixed Income and Liquidity Solutions. She joined Goldman Sachs as a vice president in 2011 and was named managing director in 2015. 

Prior to joining the firm, Christina was responsible for product management of the bond and money market product lines at Fidelity Investments. Before that, she held various product and investment communications roles for multiple asset classes. Early in her career, Christina worked in Fidelity's Legal Department.

Christina is a member of the Board of Directors for The New Group. Christina earned a BA from College of the Holy Cross and an MS from Boston College.

Patrick O'Callaghan

Patrick O'Callaghan

Global Head of Client Portfolio Management, Goldman Sachs Asset Management

Pat is the Global Head of Client Portfolio Management with the Liquidity Solutions team at Goldman Sachs Asset Management (GSAM). He and his team work with GSAM’s third party, corporate, hedge fund, institutional and private wealth management teams, and their clients, across the globe to assist them with their liquidity management needs.

Prior to becoming Client Portfolio Manager, Pat was a senior portfolio manager with the Liquidity Solutions team and was responsible for the investing and risk management functions for all of GSAM’s tax exempt and taxable US Dollar money market portfolios and separately managed accounts.

Pat is also a member of the Investment Strategy Committee. He joined GSAM in July of 1997 as a member of the Liquidity Solutions Team. Pat started his career with Goldman Sachs in 1995 as an analyst for Goldman’s Short-term Interest Rate Trading and Sales Desks. Pat received a B.B.A. in Finance from Hofstra University, and received his M.B.A. from Fordham University.

Alex Bird

Alex Bird

Vice President, Global Liquidity Management, Goldman Sachs Asset Management

Alex Bird is currently a Portal Specialist within Goldman’s Global Liquidity business and has over 20 years of experience in the cash management space.  Alex started his career at GSAM in 1998 in Chicago and held multiple roles in the Chicago, San Francisco, and London offices focused on Goldman’s institutional cash clients.  Between 2007 and 2017 Alex worked at Barclay’s Global Investors, JPMorgan, and a FinTech Company called LMX.  Alex also spent five years at State Street Bank leading sales for their proprietary money market fund trading platform Fund Connect®.  Alex holds a BS from Northwestern University.

Thomas  Murphy

Thomas Murphy

Enterprise Solutions, Clearwater Analytics

Thomas Murphy (Murf) joined Clearwater Analytics in 2017 in Investment Management Enterprise Solutions. Prior to joining Clearwater, Murf was the global head of derivative sales at Bloomberg. Murf held multiple roles on both the buy-side (Portfolio Manager Global Macro) and sell-side (Proprietary Trader), the last as the managing partner of the hedge fund, Sundance Cap.  

Thomas earned a bachelor’s degree in economics and psychology from the University of Pennsylvania and an MBA in finance and accounting from Columbia Business School.