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The Power Of
Cash Segmentation


The building blocks of liquidity management

We recognize cash is the lifeblood of an organization. Cash segmentation provides a framework to align liquidity needs and investment horizons while optimizing returns of your entire cash portfolio. The long-established practice of cash segmentation helps investors maximize their return potential while meeting their estimated near- and long-term cash needs. Cash segmentation is a simple concept with potential benefits for today’s investor.

From investment policy planning to execution, we pride ourselves on working with clients to create a cash segmentation strategy that seeks to maximize total return balanced with risk-adjusted returns and liquidity.

As a strategic partner, Dreyfus offers a broad spectrum of liquidity solutions to meet client-specific investment objectives and risk tolerances. We partner with clients to provide a holistic strategy for an overall portfolio based on three cash categories: Operating, Core and Strategic.



  • Purpose: Basic, daily cash flows
  • Liquidity: Daily
  • Investment Time Horizon: 1+ days
  • Objective: Same-day liquidity access / seeks principal preservation

Investment Solutions

  • Treasury
  • US Government
  • Short Term Investment Fund (STIF)



  • Purpose: Specific cash target needs in the short- to medium-term
  • Liquidity: High
  • Investment Time Horizon: 3 to 9 months
  • Objective: Pursues higher yields with low price volatility

Investment Solutions

  • Prime
  • Municipal
  • Enhanced Cash SMA



  • Purpose: Low volatility strategy with focus on total return
  • Liquidity: Moderate
  • Investment Time Horizon: 9+ months
  • Objective: Longer-duration portfolios that seek excess returns over operating & core strategies

Investment Solutions

  • Ultra-Short Government/Credit

Today’s yield environment requires an experienced, trusted liquidity solutions partner dedicated to maximizing total return. By combining Dreyfus’ specialized liquidity expertise with a full range of product solutions, we help investors improve return potential across their spectrum of cash pools—with a lower risk profile than might be expected.