Results for "money market funds"

Displaying 228 results

Sort: Date | Relevance


SEC mulls $10 a share NAV for money market funds

April 14, 2009

The Securities and Exchange Commission is exploring structural changes to money market mutual funds, including raising the net asset value standard to $10, from $1. Several problems with money market funds could be addressed by the adoption...

Industry group wants money fund safeguards

March 18, 2009

The Investment Company Institute is proposing sweeping changes to restore confidence in the $3.9 trillion money market mutual fund industry, including more transparency, tighter control over investments and prohibiting investments in second-tier...

Angry investors target Reserve's reserves

March 17, 2009

Investors who are still awaiting payouts from Reserve Management Co. Inc. — the New York-based firm whose $63 billion money market fund "broke the buck" last year — appear to be taking matters into their own hands. One institutional investor,...

SEC zeroes in on The Reserve's B-D

March 10, 2009

The Securities and Exchange Commission may soon take action against the broker-dealer subsidiary of The Reserve, the New York-based firm whose flagship $62 billion money market fund "broke the buck" in September. SEC officials told members of...

Pimco to launch money market funds

January 22, 2009

Pacific Investment Management Co. of Newport Beach, Calif., has filed with the Securities and Exchange Commission to launch the Treasury Money Market and Government Money Market funds. Pimco currently offers one prime money market fund, the...

SEC mulls enforcement action against Reserve

December 24, 2008

Staff at the SEC’s Division of Enforcement has informed Reserve Management Co. Inc. that it intends to recommend that the Securities and Exchange Commission bring an enforcement action against the company for violating federal securities laws....

Analyst calls rate cuts a foe to money funds

December 10, 2008

Money market mutual funds that invest in Treasuries could cost investors money if the Federal Reserve Bank cuts interest rates further, according to Peter Crane, president of the Westborough, Mass.-based research firm Crane Data LLC. Yields...

Treasury guarantees Reserve's U.S. Gov't Fund

November 21, 2008

Reserve Management Co. Inc. has announced that its U.S. Government Fund is now covered by Treasury’s temporary guarantee program for money market funds. The firm “will use its best efforts to sell its portfolio securities by Jan. 3, 2009,”...

N.Y. Fed to finance money market fund buys

November 11, 2008

The New York Federal Reserve Bank on Nov. 24 will begin funding five special-purpose vehicles to finance the purchase of certain assets from money market mutual funds through its Money Market Investor Funding Facility program. The goal is to...

The Reserve Fund’s PR gaffe

October 29, 2008

Let me preface my column below, which was posted on Wednesday, Oct. 29, with an update posted on the Reserve website Thursday night. The fund company said it began an initial $26 billion distribution to Primary Fund shareholders Thursday by...

Fed bolsters money market funds

October 21, 2008

In another attempt at defrosting frozen credit conditions, the Federal Reserve today announced a financing program aimed at bolstering the struggling money market mutual fund industry. The new Fed program, called the Money Market Investor Funding...

Receiver sought for Reserve International fund

October 15, 2008

Shareholders have filed court papers asking the New York State Supreme Court to name a receiver for Reserve Management Co. Inc.’s International Liquidity Fund, in order to organize its liquidation. Caxton International Limited of the British...

Legg downgraded on money market funds

October 9, 2008

Moody's Investors Service announced yesterday that it has downgraded Legg Mason Inc.'s senior debt rating to A3, from A2. Baltimore-based Legg suffered $650 million in after-tax losses related to money market fund support over the past year,...

Putnam joins money market guaranty program

October 1, 2008

Putnam Investments of Boston today announced it plans to participate in the U.S. Treasury’s money market guaranty program. On Sept. 19, the U.S. Treasury announced a temporary guaranty program for publicly offered money market mutual funds....

Ameriprise resists bailout of subsidiary clients

September 26, 2008

Ameriprise Financial Inc. has no immediate plans to bail out clients of advisers of its independent broker-dealer subsidiary, Securities America Inc., which saw $60 million erased last week when a giant money market fund, the Reserve Primary...

Federated buys Putnam fund's investments

September 25, 2008

Federated Investors Inc. and Putnam Investors of Boston announced yesterday a finalized agreement to liquidate the $12.3 billion institutional Putnam Prime Money Market Fund (PPMXX) and give those investors shares of the Federated Prime Obligations...

Third Avenue files suit against Reserve

September 23, 2008

Third Avenue Institutional International Value Fund LP, a fund of Third Avenue Management LLC, filed a class action Friday against Reserve Management Corp. hinging on the firm's redemption process last week, when the net asset value of the Reserve...

Ameriprise: Reserve tipped off big clients

September 22, 2008

Ameriprise Financial Inc. and its independent-broker-dealer subsidiary, Securities America Inc., Friday sued Reserve Management Corp. and its founder, Bruce Bent, alleging misconduct in the administration of its giant money market mutual fund,...

Tax-exempt money market funds to be covered

September 22, 2008

The Department of the Treasury’s plan to back money market funds will include both taxable and tax-exempt funds. Participation in the program wouldn’t affect the tax treatment of payments, the Department of the Treasury said yesterday. On...

Money market fund redemptions taper off

September 22, 2008

Redemptions from U.S. money market mutual funds declined on Friday, with investors pulling out $5.2 billion compared to $47.7 billion the day before, according to the Westborough, Mass.-based research firm iMoneyNet. Last week, investors pulled...

« Previous PageNext Page »

1 ... 7 | 8 | 9 | 10 | 11 | 12


Hi! Glad you're here and we hope you like all the great work we do here at InvestmentNews. But what we do is expensive and is funded in part by our sponsors. So won't you show our sponsors a little love by whitelisting It'll help us continue to serve you.

Yes, show me how to whitelist

Ad blocker detected. Please whitelist us or give premium a try.