Investment Management Solutions
HilltopSecurities Asset Management (HSAM) is an independent, SEC-registered investment advisor exclusively serving public entity clients, with safety of principal as the primary objective. We provide integrated portfolio management and advisory services designed to help public sector clients diversify investments, manage risks and stay compliant with state statutes and internal policies.
Our service suite includes investment management, policy and portfolio compliance review, reporting, and advisory services. HSAM investment professionals will manage your portfolio holdings and support your existing staff, while enhancing controls and ensuring trade opportunities are properly evaluated. The team provides the highest level of service and understanding of each client’s unique investment philosophy, goals, and risk tolerance.
HilltopSecurities administers three AAAm-rated government investment pools for local Texas and Florida governments: the Texas Short-Term Asset Reserve Fund (TexSTAR), the Local Government Investment Cooperative (LOGIC), and the Florida Short-Term Asset Reserve Fund (FLSTAR).1 These esteemed programs offer Texas and Florida local governments investment options for their cash management programs that provide preservation of principal, daily liquidity, portfolio diversification and competitive yields, combined with an uncompromising commitment to service.
1. AAAm rating is the highest principal stability fund rating assigned by S&P Global Ratings and is obtained after Standard & Poor’s evaluates a number of factors, including credit quality, market price exposure, and management. Ratings are subject to change and do not remove market risk.
HilltopSecurities serves as financial intermediary in the distribution of a full family of AAA-rated institutional class money market funds delivering effective short-term cash management solutions to meet operating, reserve, and strategic cash objectives.
HilltopSecurities provides consulting solutions designed to optimize the reinvestment of bond proceeds and manage interest rate risk on debt liabilities. Structured Investment Solutions include Flexible Repurchase Agreements, Guaranteed Investment Contracts, and Structured Portfolio of Eligible Investments, which can include U.S. Treasury Securities, U.S. Government Agency Securities, and Commercial Paper. Our structured products desk provides interest rate swaps, refunding/defeasance escrows, and commodity hedging.
HilltopSecurities offers solutions to help manage the cost of continued benefits for your employees. This includes PEBTrust, an irrevocable OPEB trust established by HilltopSecurities. PEBTrust allows clients to pre-fund for retiree medical costs, helping to reduce balance sheet liabilities and overall long-term costs.