Those keeping tabs on the the goings-on in the closed-end fund world would find Tuesday's
Wall Street Journal Fund Track column
of interest. In it, Daisy Maxey
writes about two regulatory actions -- a Treasury Department notice and an SEC decision -- that pave the way for investment management firms to a create a new form of security that could be bought by money-market funds and used to rescue holders of auction-rate preferred shares that have been unable to sell their shares.
Stay ahead of the news ... Sign up for our email alerts now