Money Management Executive, formerly Mutual Fund Market News, writes "Money Funds Seeing Huge Inflows, Opportunities". The article brief says, "A flood of retail and institutional investors have hit the sidelines and settled comfortably into money market funds in light of the equity market roller coaster and credit market stumble. As of March 31, money fund assets topped $3.27 trillion, according to data from Crane Data of Westboro, Mass. Over the past 52 weeks, money funds have pulled in over $1 trillion in assets." The piece quotes Federated's Debbie Cunningham, JPMorgan's Robert Deutsch, and Reserve's Bruce Bent, and includes a Crane Data table on the 10 largest asset gainers among money funds complexes.
Bloomberg's "SIVs' Last Men Standing Entangled by Gordian Knot" discusses the recent downgrade and status of the last and the largest structured investment vehicles, or SIVs. It quotes us: "Sigma is the foremost concern among money-market funds right now," said Peter Crane, whose Westborough, Massachusetts-based Crane Data LLC tracks more than $3.3 trillion of money. "The money-market business is pulling for it." The piece also says, "Even so, money-market funds rated by S&P have reduced holdings in Sigma to under $5 billion, from $7.5 billion in November, said Peter Rizzo, a senior director at S&P in New York." Rizzo says, "Whenever maturities have rolled off, no one we've seen has looked to add.... Money funds have looked to roll any new money into more conservative programs."