Definition: The total amount of cash available in a firm’s bank or custody accounts at a specific point in time, representing the liquid funds available for operations, investments, or redemptions.
Example: Cash balances may include bank deposits and cash held with custodians, while highly liquid short-term investments such as treasury bills or money market instruments are often classified as cash equivalents.
Explore IVP Shadow Accounting Services
IVP Shadow Accounting Services help buy-side firms maintain independent visibility into cash balances and daily fund activity, enabling better monitoring and reconciliation with administrator and custodian records. The service allows hedge funds and asset managers to outsource full or partial accounting functions, improving operational efficiency and scalability while supporting multiple fund structures and accounting platforms.
