Sep 28, 2012
- Hillary Jackson
Former independent director Dan Calabria has proposed a fix for the money market fund industry, and he’s shopping it around to others trying to find a viable solution, according to FII sister publication Fund Director Intelligence. The way to eradicate the threat that money funds will “break the buck,” as the Reserve Primary Fund did in September 2008, is to create industry-funded special-purpose insurance coverage that would support individual funds and the market as a whole, he said.
Calabria, a former independent director for AEGON Transamerica/IDEX Funds and Transamerica Income Shares, modeled his proposal on insurance provided to the industry and independent fund directors by ICI Mutual, though he is not working in collaboration with the company and existing coverage obviously would have to be tweaked to fit money funds. An ICI Mutual spokeswoman said the company does not comment on policy issues.
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Jul 25, 2014 - Nick Jardine
FII's Blog Watch is our round-up of what fund firms are blogging about.
Jul 25, 2014 -
#TweetSpot tracks what the mutual fund and defined contribution industries are talking about on Twitter over the past week.
Jul 18, 2014 - Nick Jardine
FII’s Blog Watch is our round-up of what fund firms are blogging about. A blog about blogs, if you will. This week’s blogs had the following themes:
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