Edward 'Ned' Johnson, Chairman of Fidelity Investments, the largest manager of money market funds, announced his retirement, according to The Boston Globe." Johnson pioneered the use of check-writing for money funds.
Peter Schenck is a new Senior Vice President & Senior Liquidity Specialist at Northern Trust Asset Management. He was previously with BlackRock.
Jason Caruso, formerly with Credit Suisse, is now an Executive Director with Natixis.
Maura Walsh is now Portfolio Manager of the new Fidelity Inv MM Prime Reserves.
Money fund industry veteran Steve Everett is no longer with Northern Trust Asset Management.
As we mentioned in our June 8 News, "3 Money Fund Giants Retiring," Rich Hoerner, BlackRock's Co-Head of Global Cash Management, will be retiring at the end of the year. We wish Rich well!
Chief Fixed Income Officer Mike Fields retired from American Beacon Advisors. He was a founding member and PM of American Beacon's Money Market Funds. We wish Mike well in retirement!Archives »