Crane Data Subscribers
February Issue of Money Fund Intelligence Features SEC, Putnam, Portals. The February issue of Money Fund Intelligence, Crane Data's monthly money fund news, performance and rankings newsletter, is now available. This issue features "Money Fund Regulation Q&A w/SEC's
Bob Plaze", "Putnam Doing Justice in Money Market Space", and, "Online Trading Portals Expanding Into Europe". We also update subscribers on 2007's money fund bailouts, municipal money fund concerns, and, of course, fund performance. Our interview with S.E.C. assistant director of the Division of Investment Management Robert Plaze reveals that there have been 15 money fund advisors in total that have requested SEC permission to remove or protect troubled SIVs or other investments from their money funds. Plaze also discusses recent sweeps and valuation issues, as well as the reporting of money fund portfolio holdings. He tells MFI, "Fund advisers (and their affiliates) who write big checks to bail out MMFs are certainly incentivized to manage the fund more conservatively in the future and to try to avoid these situations. So I don't see moral hazard issues." In coming days, we'll also excerpt comments an interview with Joanne Driscoll and Putnam's money market team, and we'll discuss the European "portal" marketplace. To request a copy or subscribe, e-mail pete@cranedata.com.
