​ Intelligence Interview: Marc Pfeffer and Milestone Treasury Obligations. The January 2008 issue of Money Fund Intelligence contains an interview with Milestone Capital Management'​s Chief Investment Officer and Portfolio Manager Marc Pfeffer. This month'​s MFI "​fund profile" focuses on Milestone Treasury Obligations and the flight to Treasury funds during the recent credit squeeze. Below, we excerpt a couple of the highlights. Pfeffer tells MFI, "Before this whole credit crunch, Treasury funds would under-​yield prime funds by between 5 and 10 basis points.... Now, you have spreads of 50-​100 basis points between Treasury funds and prime funds. People don'​t care about yield anymore, they just care about the safety." On Milestone'​s status as a women-​owned firm, Pfeffer says, "​It'​s a nice door opener. But at the end of the day, even if we receive some money because there is a woman- or minority-​owned initiative at a firm, if we didn'​t service our clients and didn'​t perform well for them we wouldn'​t keep that money."

Your Name:
Your Email:
Recipient Email(s):

Use a comma or a semicolon to separate

Please retype symbols from the image:

Optional Message

Money Market News Archive