In the Margins
Money market funds are hustling to buy up short-term Treasuries and related debt to get ahead of new market rules slated to take effect next October. Fidelity Investments is among those, with plans to convert the entire portfolio of its $115 billion Cash Reserves Fund to U.S. government debt by Dec. 1. Read the original story from The Wall Street Journal.
Most Read
Securities and Exchange Commission Chairman Gary Gensler’s fast and furious rulemaking era will soon be ending, and it is a good time to take stock of ...
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 ...