Certain funds to be converted to 60-day maximum maturity money market funds
NYSE: FII), one of the nation's largest investment managers, today announced its preliminary plan to restructure its line of money market funds to meet the needs of its clients and to comply with regulations announced by the U.
And in the world of money market
funds, where a fund strives to offer returns that are one basis point - one-hundredth of a percentage point - higher than its competitors', these policies can matter.
the various uses of money market
futures, with particular emphasis on the use of these instruments to hedge interest rate exposure
Although most money market
mutual funds are offered to investors with modest minimum investments, some money market
mutual funds are offered only to institutional investors with minimum investments of $100,000 to $1 million or more.
Tom Nelson, vice president and STN product manager, said, "This new release of the STN Money Markets
portal will help our customers to increase automation and to trade more efficiently, while helping meet corporate and regulatory compliance requirements.
Once again, institutional money market
funds accounted for most of the change in total money market
fund assets," said Dr.
We have been a user of the STN Money Markets
service for three years", said Darlene Coppola, money market
trader at National Life Capital Management.
Perrello, 36, has been pioneering the development of an on-line money market
service at LiquidyLink.
a subsidiary of Bridge Information Systems (BRIDGE(R)), has been selected by the Canadian-based Investment Dealers Association (IDA) Primary Dealer Money Market
Committee to be the official collector, calculator, and distributor of the 10:00am Canadian Bid Rates of Banker's Acceptances (BA) and Treasury Bills (T-Bill).
This fund has consistently ranked in the top ten government money market
funds for the past five years and carries an effective yield of 4.
5, 1996--Thomson Investment Software today announced that Reich & Tang Funds of New York City will install PORTIA, the world's leading portfolio management system, in its money market