In the Margins
Federal Reserve officials focused on the money market reforms set to take effect Friday when they met last month. Minutes of the meeting released Wednesday show the Fed’s interest rate setting panel discussed reverberations in the money fund industry caused by the rules, including the hundreds of billions of dollars that have moved from broad credit-focused funds into ones that invest in U.S. government and agency debt. Read the original story from The Wall Street Journal.
Most Read
Congress created business development companies in 1980 to support job growth and help emerging companies raise funds. As of 2023, there were 139 BDCs with $312 ...
The Vanguard board expects to add two new independent directors in early 2025 to fill seats that will be vacated when two long-serving independents retire. The ...
The bottom line: In the near term, it’s not likely that the roles and activities of mutual fund directors will change much. There will be no ...
The Securities and Exchange Commission this week said it found "deficiencies" and "weaknesses" in mutual funds' governance practices during examinations over the past four years. The ...