A press release from DB Advisors says, "Deutsche Bank's Asset Management business today welcomed a proposal by Henderson Global Investors to merge the L3.3 billion Henderson Liquid Assets Fund (HLAF) into the money market fund range of DB Advisors. DB Advisors is Deutsche Bank's global institutional asset management business. Under the proposal made by Henderson to HLAF shareholders, HLAF will be fully merged with the Deutsche Managed Sterling Fund, part of the Deutsche Global Liquidity Series of money market funds. Both HLAF and the Deutsche Managed Sterling Fund are AAA-rated, GBP-denominated, treasury-style money market funds. The proposal will be voted on by HLAF shareholders in January 2011. If approved, HLAF will be merged into the Deutsche Managed Sterling Fund in February 2011, subject to final regulatory consent. DB Advisors already serves as the investment manager of HLAF. Henderson appointed DB Advisors to manage the fund on a sub-advisory basis on October 12, 2010." Mark Bolton, CEO of DB Advisors UK, says, "We would be delighted to extend our relationship with investors in HLAF and welcome them as direct clients.... They will be joining a platform with deep resources, a robust credit process and a strong commitment to transparency." In other news, see ICI's "Money Market Mutual Fund Assets", which says, "Total money market mutual fund assets increased by $25.27 billion to $2.836 trillion for the week ended Wednesday, December 8, the Investment Company Institute reported today. Taxable government funds increased by $17.18 billion, taxable non-government funds increased by $8.01 billion, and tax-exempt funds increased by $76 million."

Email This Article




Use a comma or a semicolon to separate

captcha image

Daily Link Archive

2024 2023 2022
November December December
October November November
September October October
August September September
July August August
June July July
May June June
April May May
March April April
February March March
January February February
January January
2021 2020 2019
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2018 2017 2016
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2015 2014 2013
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2012 2011 2010
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2009 2008 2007
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2006
December
November
October
September