Describe an appropriate cash management strategy for Barker. Lindsey Morris is a trader at North Circle Advisors,

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Describe an appropriate cash management strategy for Barker.

Lindsey Morris is a trader at North Circle Advisors, an investment management firm and adviser to a suite of value-oriented equity mutual funds. Will Beamon, portfolio manager for the firm’s flagship large-cap value fund, the Ogive Fund, is explaining its investment strategy and objectives to Morris. Morris wishes to know how the Ogive Fund’s underlying trading motivations may impact trade urgency and alpha decay. Beamon notes the following relevant characteristics of the Ogive Fund:
• Seeks long-term outperformance vs. S&P 500 by investing in undervalued companies • Evaluates company fundamentals to identify persistent mispricing opportunities • Has a three-year average holding period

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