Adam Smith Awards 2023 – Overall Winner, Best Investing Solution
“Investable Cash Optimisation Programme delivers outstanding benefits at Palo Alto Networks”
The challenge
Over the past year, Palo Alto Networks treasury was able to respond nimbly to the risks and opportunities in the market, pivoting quickly across the yield curve to make the most of their cash balances in a rising interest rate environment. This was achieved while still adhering to its investment policy principles of capital preservation, liquidity and yield optimisation. The company also began to actively manage its offshore cash investments, leveraging it’s investment portal with ICD, enabling an easy and quick way to manage its cash across multiple entities and multiple funds.
“We made a decisive shift in investment strategy for capturing the step up in yield following each rate hike in 2022, which included government money market funds, and diversified our cash holdings into higher yielding bonds,” explains Catherine Portman, Treasurer.
