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

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

Rating:A Giant From North of the Border Braces For Email Routing List Email & Route  Print Print
Monday, December 7, 2015

A Giant From North of the Border Braces For "An Incredibly Exciting Time" in the Money Fund Biz

Reported by Neil Anderson, Managing Editor

As the money market reform storm in the U.S. fast approaches, a multinational asset manager from north of the border is preparing to win some of the "tremendous amount of assets" that will be changing hands.

John Donohue
RBC Global Asset Management
Managing Director, Head of Liquidity Management
"This is an incredibly exciting time," John Donohue, managing director and head of liquidity management at RBC Global Asset Management-U.S. [profile], tells MFWire.

RBC GAM is sticking by its $6.6-billion government money fund, even as it prepares to stop offering its $7.9-billion prime money fund. Many investors, Donohue says, "are rethinking cash management and looking for alternative solutions." The government money fund fits into clients' needs, Donahue says, as do RBC GAM-US's ultra-short funds. Yet the big opportunity, he says, is in customized separately managed accounts.

"That's where we're seeing the most activity," Donahue says.

RBC GAM has a "longstanding organizational history in cash management," Donohue adds, and he sees the firm "in a very powerful position to expand that [government money] fund moving forward." 

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

 Do You Recommend This Story?

Return to Top
 News Archives
2024: Q3Q2Q1
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