NEW YORK and GOLDEN, CO – February 8, 2023 – Institutional Cash Distributors, LLC (ICD), an independent portal for short-term investments, and CAVU Securities, LLC (CAVU), a registered broker-dealer and Minority Business Enterprise (MBE) that is both U.S. veteran and minority-owned and operated, announced the first offshore USD Diversity, Equity and Inclusion (DEI) share class available on ICD Portal.
This new product offering provides ICD clients with not only an attractive investment option for non-US domiciled investors but also a value-added way for ICD clients to advance DEI and ESG goals within their organizations. By partnering with Invesco, CAVU Securities provides clients with a product that delivers deep institutional experience, expertise, scale, and investment track record that investors value while also serving as a solution to treasurers and cash investors who share CAVU’s commitment to making an impact via social and DEI directives.
ICD and CAVU Securities recognize that as financial intermediaries, we help facilitate the flow of capital and provide access for investors in helping them to fulfill ESG mandates and reach their social impact objectives.
“Offering the first offshore DEI fund on ICD Portal is in keeping with ICD’s commitment to providing institutional investors with a wide selection of short-term investments. We’re happy to have worked with CAVU to add another DEI product to our fund line-up, supporting clients’ socially responsible investing,” said ICD EVP of Global Trading and Products Sebastian Ramos.
“We are excited to be partnering with ICD to bring best-in-class asset management to our clients. By investing in the CAVU Securities Share Classes, investors will be able to drive diversity and inclusion across the business landscape as well as support our country’s military veterans. Through the CAVU Impact Pledge, CAVU is committed to giving ten percent (10%) of the GROSS revenue CAVU earns from all of the CAVU Share classes to organizations that are making a difference in the underrepresented and veteran communities,” stated CAVU’s CEO Greg Parsons.
Information about ICD is available at www.icdportal.com. Information about CAVU is available at www.cavusecurities.com
For more information regarding any of the share classes, please contact Tim Mullaney at CAVU Securities, LLC tmullaney@cavusecurities.com
