Prime Rate Capital Management LLP (Prime Rate) is a UK based, independent, specialist provider of institutional liquidity and fixed income products. Prime Rate Capital Management LLP is authorised and regulated by the Financial Services Authority.Prime Rate is a partnership with Matrix Group (www.matrixgroup.co.uk).
At a time when rating agencies increasingly require the parent of a cash management business to be investment grade or equivalent, Prime Rate is also pleased to announce that Fitch have reaffirmed the Prime Rate funds’ AAAmmf ratings. Standard and Poor’s AAAm ratings for the funds have also been maintained.
The agreement includes all of the current Prime Rate team who will continue to manage cash for clients in the same way as it always has, but with the additional benefit of further investment and credit resources to draw upon from within the Federated Group. Investors in the funds can be confident in Federated’s stewardship, as it is one of the world’s largest and most experienced managers of money market products. For the foreseeable future the Prime Rate team will continue to be located in the London offices of Matrix Group, its former partner.
|
|
|
|
|
|
The latest yields at close of business on 02/02/12 for share class 3 for our UK Liquidity Funds are shown below.
Sterling Liquidity Fund 0.8718%
Euro Liquidity Fund 0.6958%
US$ Liquidity Fund 0.4593%
The latest yields at close of business on 02/02/12 for share class 4 for our UK Liquidity Funds are shown below.
Sterling Liquidity Fund 0.8220%
Euro Liquidity Fund 0.6456%
US$ Liquidity Fund 0.4094%
The latest prices at close of business on 02/02/12 for our Sterling Cash Plus Fund is shown below.
Sterling Cash Plus Fund Class 2 1.0031
Sterling Cash Plus Fund Class 3 1.0029
Despite the turmoil in the European markets our funds continiued to perform strongly, both against their peers and against market rates. Please click on the links below to download the latest fact sheets. Our GBP Fund had a net annualised return of 0.93%, our € Fund had a net annualised return of 0.88% and the US$ fund had a net annualised return of 0.43% (all returns are for share class 3 net of fees and charges).
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
One Vine Street
London W1J 0AH
Telephone: +44(0)20 3206 7262
Fax:44(0)20 3206 7010
Dealing Desk
Phone 0844 892 0977, or if calling from overseas +44 (0) 203 528 4092)
Fax +44 (0) 20 7964 2621