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Manager Outsources Cash Management

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CHICAGO (–The London-based manager Amplitude Capital LLP has hired Horizon Cash Management to handle its cash reserves.

Amplitude was formed in 2004 and trades electronically exchange-traded securities globally. Investing in more than 20 markets, the firm has an average holding period of one to 1.5 days and relies on in-house software to aid in the fast turnarounds.

According to Horizon officials, cash management should be on every hedge fund’s radar, especially in the current market environment. Horizon has $3 billion in assets under management.

“Horizon is a leader in this arena with a strong and proven track record and we are confident that they will help maximize our cash returns and thus add to our overall performance,” said Karsten Shroeder, chief executive at Amplitude, in a statement.

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Contact Bob Keane with questions or comments at [email protected].