Institute for International Research

Monday, March 19, 2007

Fundamentals of Money Markets: Anatomy of the Investment Decisions that Build Strong Portfolios

Portfolio practitioners will share valuable investment tips and techniques for a changing money market investment landscape. With prospects increasing for spread, "decompression" blocking and tackling remains a core money fund consideration, but basic strategies can enable managers to position their funds well in a changing rate environment.

Workshop Instructors:

John Donohue, Senior Vice President, LEHMAN BROTHERS ASSET MANAGEMENT

Jeff Boutin, Vice President & Credit Analyst, LEHMAN BROTHERS ASSET MANAGEMENT

Tim Robey, Vice President and Portfolio Manager, LEHMAN BROTHERS ASSET MANAGEMENT

2:00 Commonly Used Instruments

• T-bills, commercial paper and CDs
  
• Asset-backed securities
  
• Asset-backed commercial paper
  
• Overnight instruments
  
• Eurodollars
  
• Tax-free instruments

2:45 Yield-Marketability Relationships

• Yields of money market instruments
  
• Liquidity considerations
  
• Yield-liquidity tradeoffs
  
• Duration management

3:30 Refreshment Break

3:45 Money Market Yield Curves

• Extracting value across the money market yield curve
• Capitalizing on interest rate expectations
  
• History as a guide to the future

4:30 Post Trade Considerations

• Importance of credit analysis for money market investing
  
• Credit review process and 2a-7 requirements
  
• Recent credit events impacting money market funds
  
• Compliance systems

5:00 Close of workshop

6:00 – 7:30 iMoneyNet Welcome Reception

Kick off your MMX experience at the annual iMoneyNet Poolside cocktail reception. An informal opportunity to meet your industry peers and the program speakers while enjoying a beautiful Florida evening.

Sponsored by: iMoneyNet