H

HOUSE STRATEGIES GROUP
Public Funds Advisory

Run-risk & divestiture lab · RFP 902732

What happens if voluntary participants pull their money — and what the managers must do.

A real liquidity-stress simulator. Choose any month in the pool's six-year history, choose a participant and how much they withdraw, and see the mechanics play out — grounded in the County's own monthly reports and the withdrawal rules in its FY2024 audited financial statements (§27136). This is the "run risk & captive participant" question, made concrete.

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Build a scenario

Month —

Who is withdrawing?

How much do they pull? —

Why are they pulling out?

Do others follow? 0% of the voluntary base

Liquidity stress normal

Scales the pool's readily-available liquidity (cash, LAIF, money funds, JPA pools). Drag left to model a stressed market where liquidity is thin.

What the fund managers would have to do

The pool's net asset value, month by month — your scenario is set at the marker

NAV per $100 of book. Below $100 (the dotted line) the pool is underwater — selling to fund a withdrawal locks in a loss.