StoneCastle Cash Management Reports Assets

StoneCastle Cash Management said total assets have reached record levels, with total assets up 37 percent year to date.

In its release on July 28, the Company said:

In addition, StoneCastle's proprietary cash management vehicle, the Federally Insured Cash Account, was again recognized by the Association for Financial Professionals in its 2014 Liquidity Survey.

"We continue to see strong growth in assets as Treasurers seek out our innovative cash management solutions," said Steve Rotella, CEO of StoneCastle. "As institutional money funds face regulatory reform, prudent financial professionals are seeking reliable, safe, and liquid alternatives, benefitting StoneCastle. FICA is a widely used structured bank deposit product used by Treasurers when investing short-term balances, as highlighted in the 2014 AFP Liquidity Survey."

"Our FICA product is well positioned to benefit from the current market environment as financial professionals look for ways to achieve competitive cash returns while preparing for regulatory changes," said Brandon Semilof, Managing Director at StoneCastle. "FICA offers the high level of FDIC insurance, weekly liquidity, competitive yields and stability that the industry seeks."

StoneCastle Cash Management is a provider of cash management solutions. FICA is a product of StoneCastle.

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