Last night the San Francisco Treasury Management Association (TMA), the Silicon Valley TMA, and the Peninsula TMA (all local affiliates of the Association for Financial Professionals, or AFP) hosted Peter Crane, of Crane Data at our annual dinner meeting.
Over steak frites at Left Bank in San Mateo a packed house listened intently as Crane evaluated the safety of money market mutual funds and reviewed the most
recent crisis in the money markets. He addressed various money market
securities, including asset-backed commercial paper and CP, with a
focus on what has gone wrong and what could go wrong.
"Mr. Crane thinks investors have lost far more money by flocking to Treasury money funds, due to their lower yields, than they would have from the threat of exposure to problem securities…sacrificing two percentage points in yield to avoid the remote chance that you may lose 1% to 2% in principal… it's silly." – Financial Week
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During her time at Glenbrook, Erin focused on client engagements in business payments, cross-border transactions, bill payment, and the intersection of corporate finance, banking, and ERP/accounting. She has nearly twenty years of experience leading increasingly complex payment initiatives for corporate clients and advising financial institutions and payment technologists on the development of their payment capabilities.
Erin is also the founder of Forte Financial, a consulting firm focused on corporate finance efficiency, technology, and process improvement. She is a past president of the Financial Women’s Association of San Francisco and also a two-term past president of the San Francisco Treasury Management Association. Erin is no longer with Glenbrook, but contributed greatly during her time at the firm.