A MillTech survey of 125 finance decision-makers at UK fund managers found that they hold an average of £705 million in cash, yet 82% worry they are not achieving the best available returns on excess holdings and 81% believe they are missing out on potential income. The main obstacles are difficulty comparing rates (41%), operational complexity (38%) and limited internal resources (37%), and onboarding a new cash provider or money market fund takes an average of 3.3 months. Some 96% said this complexity discourages them from adding providers, while 91% would consider more cash partners if onboarding were simplified. Most managers (88%) have automated at least part of their cash management, and 94% expect greater use of money market funds over the next two years.
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Original headline: UK fund managers struggle to optimise cash returns , survey shows
Read the original on funds-europe.com ↗
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