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Money Market Funds
Federated Willing to Legally Challenge Money Market Fund Proposals
February 01, 2012
According to a Bloomberg article, Federated is willing to use legal action to block money market fund regulation changes proposed by the SEC. In a conference call with analysts last Friday, the CEO of Federated, Christopher Donahue, stated that Federated would challenge proposals by… read more
Editorial: Is Someone Trying to Kill Money Funds?
January 20, 2012
In a recent American Banker editorial, John D. Hawke, Jr. posits that recent proposals to radically reform money market funds are "really intended to abolish [money market funds], by saddling them with enormous new capital requirements and making them extremely unattractive for the 30… read more
Commissioner Gallagher Discusses Money Market Fund Reform
January 03, 2012
In a recent speech, SEC Commissioner Gallagher stated that the agency should consider holding off on further changes to regulations governing money market funds until they have a clearer understanding of the effects of the reforms implemented in 2010. He states that the SEC… read more
MMFs Decrease Investments in Asset-Backed Commercial Paper
December 14, 2011
A recent study by Moody's Investors Service found that from 2007 to 2011, money market funds' holdings of asset-backed commercial paper ("ABCP") have decreased from 25% to 8.3%. Moody's found three main reasons for this decline: 1) There has been a general aversion to structured… read more
Recouping Waived Fees From Money Market Funds
December 08, 2011
A recent Reuters article discussed advisers' ability to recoup a portion of the billions of dollars in fee waivers they've made to money market funds over the last several years. Many fee waiver arrangements permit an adviser to recoup the amount they waived or… read more