Advantage: Investment Management (November 2014)
In July 2014, the Securities and Exchange (SEC) announced new rules for money market funds (MMFs) intended to prevent a repeat of the 2008 market meltdown when a sudden surge is withdrawals led one MMF to break the buck and fall below $1 Net Asset Value (NAV).
This article highlights the most significant changes in the SEC rules pertaining to MMFs, including:
This update also addresses how investment firms can find practical insight and best practices for:
Click here to read the November edition of Advantage: Investment Management.