Goldman Sachs Sterling Government Liquid Reserves Fund Assigned 'AAAm' says a release by Standard & Poor's. The ratings agency says, "Goldman Sachs Asset Management International, manager of the new subfund, has established this very conservative vehicle to further enhance its offshore money market fund range with a British pound sterling-denominated government money market fund. The Goldman Sachs Sterling Government Liquid Reserves Fund, which will be offered to institutional, corporate, and private clients, aims to provide its investors with a high level of current income and daily liquidity, as is consistent with the preservation of capital. The rating reflects the subfund's extremely strong capacity to maintain principal stability and to limit exposure to principal losses due to credit, market, and/or liquidity risks." In other news, see Reuters "Dec. quarter may be worst-ever for asset managers" and Dow Jones' "Ameritrade CFO: Waiving Fees On Some Money-Market Funds".
