Naperville, Ill.-based Calamos Investments announced the launch of retail A, B, and C share complements to its Institutional class of the Calamos Government Money Fund. Chairman John P. Calamos says, "Liquidity, low risk, and performance are principal considerations for institutional and retail clients alike, and we believe Calamos Government Money Market is well positioned to address those needs. The addition of retail share classes provides more investors with access to Calamos' experienced team and to our risk-conscious approach to cash management."
In other new fund news: Reserve, which recently broke above $100 billion in total cash assets (including money funds, offshore money funds and FDIC-insured bank products), filed to launch a new Reserve Treasury & Repo with Institutional, Liquidity I, II, III, IV, V, Treasurer's Trust, Investor I, II, III, and R shares.
Fidelity's recent annual report says "Fidelity's money market funds attracted more than $87 billion in net flows, far exceeding 2006's record of more than $47 billion."
Finally, S&P affirmed its AAAm rating on the Florida Local Government Investment Pool as management transitioned from interim manager BlackRock to new manager Federated.
