Forward Funds is the latest investment manager to exit the money fund business. It liquidated its Forward US Government Money Market Fund late last month. The filing says, "On June 9, 2015, the Board of Trustees of Forward Funds (the "Trust"), including all of the Trustees who are not "interested persons" of the Trust (as that term is defined in the Investment Company Act of 1940, as amended), approved the liquidation of the Forward U.S. Government Money Fund (the "Fund"), a series of the Trust. The Fund will be liquidated pursuant to a Board-approved Plan of Liquidation on or around August 26, 2015 (the "Liquidation Date"). On the Liquidation Date, the Fund will distribute pro rata to its respective shareholders of record all of the assets of the Fund in complete cancellation and redemption of all of the outstanding shares of beneficial interest, except for cash, bank deposits or cash equivalents in an estimated amount necessary to (i) discharge any unpaid liabilities and obligations of the Fund on the Fund's books on the Liquidation Date, including, but not limited to, income dividends and capital gains distributions, if any, payable through the Liquidation Date, and (ii) pay such contingent liabilities as the officers of the Trust deem appropriate." We also learned from MutualFundWire.com that Eaton Vance will liquidate its Eaton Vance U.S. Government Money Fund. Its filing says, "Eaton Vance U.S. Government Money Market Fund (the “Fund”) is no longer offered for sale or exchange and the Fund will be liquidated on or about October 29, 2015 ("Liquidation Date")." Finally, Dreyfus recently liquidated its Dreyfus Basic Municipal Money Market Fund, and reported that its $95 million Dreyfus Basic New York Municipal MMF and the $92 million Dreyfus New York AMT-Free Municipal MMF will be liquidated on October 28, 2015. Further, the Dreyfus AMT-Free Municipal Reserves and its various share classes were renamed Dreyfus General AMT-Free Municipal MMF.
