Horizon Cash Management LLC
|Watch Horizon Cash Management's Michael Markowitz in: Third-Party Custodians: Here, Hold On To This on MarketsWiki.tv (December 2012)|
|Horizon Cash Management LLC|
|Key People||Diane Mix Birnberg, Chairman, Founder; Michael Markowitz, President|
Horizon Cash Management LLC is a Chicago-based investment advisory firm specializing in the managing of the cash portfolios for managed futures funds, hedge funds, family offices and institutional investors. The company was founded in 1991 by Diane Mix Birnberg, and as of 2013 has approximately $2.5 billion in assets under management.
In the wake of several high profile futures commission merchant bankruptcies including MF Global and PFGBest, Horizon conducted a survey of commodity trading advisors (CTAs) and commodity pool operators (CPOs) titled The Aftermath of MF Global and Peregrine Financial Group Meltdowns: A Crisis of Trust. Most respondents believed there was a breakdown of audit procedures, and that better procedures are needed to safeguard customer funds.
In June 2013, Horizon launched the Emerging Manager Fund Cash Account, a custodial account that provides small and emerging fund managers (between one and ten million dollars) with a safe alternative for cash balances that are in excess of margin requirements.
John Lothian News Interviews
Third-Party Custodians: Here, Hold On To This
Futures customers are still wondering just how their money can stay protected in the case of a default by their broker. While some solutions are still in the concept stage, others are available right now. Horizon Cash Management’s Michael Markowitz explains the third-party custodian model, whereby customers set up and manage excess margin at a bank outside the brokerage firm. Third-party custodial arrangements are available now and could be one way to restore customer confidence.
SEC Tables Money Market Fund Regulation: Michael Markowitz Analysis
Michael Markowitz is chief investment officer at Horizon Cash Management LLC, an investment advisory firm specializing in the managing of cash portfolios for hedge funds, managed futures funds, family offices and institutional investors. Markowitz spoke with John Lothian News Editor-at-Large Doug Ashburn about the SEC‘s decision in August 2012 to table proposed changes to money market fund regulations. Published August 30, 2012. Watch at MarketsWiki.tv
- Diane Mix Birnberg, Chairman, Founder
- Michael Markowitz, President
- Jill King, Senior Portfolio Manager