The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Money Funds are in Turmoil Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, October 4, 2010

Money Funds are in Turmoil

News summary by MFWire's editors

A Crane report today says several fund liquidations, name changes and consolidations occurred last week, including Neuberger Berman's tax-​exempt money fund closings, the renaming of RiverSource as Columbia, and the merger of the former Barclays offshore money fund suite into BlackRock's offshore lineup.

Since September 2008, out of the 84 money fund managers tracked by Crane Data, eight have liquidated (with one more pending), four have merged into other managers, and six have changed names, according to the article.

Also, DWS CAT Prem MM Sh MMP Sh and DWS Premier MM Shares TEP were both reportedly liquidated on Sept. 29, and the assets of the RidgeWorth money funds moved into various Federated funds last week. 

Edited by: Hung Tran

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2024: Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use