A Look at Semper U.S. Treasury MMF
A new paper entitled, "Semper U.S. Treasury Money Market Fund Making A difference for Investors" tells us, "The Semper U.S. Treasury Money Market Fund, an innovative Government Institutional money-market mutual fund with a difference, has burst upon the scene and quickly demonstrated the ability to plump up investment returns for its investors." The piece, written by former iMoneyNet Managing Editor Mike Krasner, explains, "The Semper U.S. Treasury Money Market Fund (SEMXX) was launched April 16, 2018, and has since consistently outperformed all other Treasury money-market funds and, in many instances, most if not all other Government MMFs. Its uniqueness relies on the strategy employed by the six-month-old fund's portfolio manager, an 'active-portfolio management' approach which actively manages the fund's term structure and yield by purchasing and selling U.S. Treasurys and also through investment in repurchase agreements collateralized by U.S. Treasurys." The fund's fact sheet explains, "The manager also seeks to earn incremental yield through the use of U.S. Treasury collateral substitutions for a fee." The release adds, "Swapping is key to yield enhancement, pointed out Lewis Goldman, chief executive officer of Goldman Landow Capital LLC, originator of the unique 'U.S. Treasury Alpha PLUS' concept which serves as the backbone of the investment strategy followed by the fund's portfolio manager.... The investment adviser of the Semper U.S. Treasury Money Market Fund is Semper Capital Management L.P."
