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

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

Rating:Reserve Funds Inking Bank Deals Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, January 30, 2003

Reserve Funds Inking Bank Deals

by: Sean Hanna, Editor in Chief

New York City-based Reserve Funds grew its assets 50 percent to $21 billion in 2002 from $14 billion. Nearly all of those assets ($19 billion) are invested in the firm's institutional funds. The money fund specialist also said its institutional money market funds business grew 88 percent to $8.8 billion.

Both traditional and non-traditional cash management areas saw increased growth, according to Bruce Bent II, president.

"In times like these, institutional investors are looking at Reserve's conservative investment approach for true diversification of their cash investments and to protect against credit risk. Not only do we offer a history of great performance, but portfolio quality, superior service and flexibility in terms of late daily cut-off times." said Bent.

Bent said 17 banks have signed on for its Reserve Return Sweep. That product enables banks to retain commercial deposits in an "on-balance sheet money" fund account, and provide commercial customers with interest on those balances, said Bent.

Reserve is also getting the word out on its Reserve Insured Deposits offering. That patented product is an FDIC-insured money-market account with no-minimum checking for both commercial and retail customers. Reserve Funds Inking Bank Deals  

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

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
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:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2021
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use