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.