The preliminary agenda is available and registrations are now being taken for Crane Data's 7th annual Money Fund Symposium, which will take place June 24-26, 2015 at The Hilton Minneapolis, in Minneapolis, Minn.. Money Fund Symposium is the largest gathering of money market fund managers and cash investors in the world. Last summer's event in Boston attracted nearly 500 attendees, and we expect yet another robust turnout for our Minneapolis event this June. (Symposium participants include money fund managers, marketers and servicers, cash investors, money market securities dealers, issuers, and regulators.) Visit the MF Symposium website (www.moneyfundsymposium.com) for more details. Registration is $750, and discounted hotel reservations are also now available. We review the agenda and conference details below. (E-mail us at info@cranedata.com to request the full brochure.)
The June 24 opening afternoon agenda includes: "Welcome to Money Fund Symposium 2015" by Peter Crane, President & Publisher of Crane Data; our keynote discussion, "The New Look of Money Market Funds" with Wells Fargo Advantage Funds' President Karla Rabusch; "State of the Money Fund Industry" with Peter Crane, Debbie Cunningham of Federated Investors, and Alex Roever of JP Morgan Securities; a "European & Global Money Fund Outlook," with Jonathan Curry of the Institutional Money Market Fund Association and Jim Fuell of JP Morgan Asset Management; and, finally, a panel moderated by Charles Schwab's Rick Holland entitled, "Major Money Fund Issues 2015," featuring Tom Callahan of BlackRock, John Donohue of J.P. Morgan A.M., and Nancy Prior of Fidelity. (The opening evening's reception will be sponsored by Bank of America Merrill Lynch.)
Day 2 of Money Fund Symposium 2015 features: "Repo Review & Money Market Observations" with Joseph Abate of Barclays and Lou Crandall of Wrightson ICAP; "Senior Portfolio Manager Perspectives," moderated by Garret Sloan of Wells Fargo Securities and including Danny Burke of Goldman Sachs AM, James Palmer of First American Funds, and Rob Sabatino of UBS Global Asset Management; "Government and Treasury Fund Issues," moderated by Andrew Hollenhorst of Citi, and featuring Mike Bird of Wells Fargo Advantage Funds, Jonathan Hartley of FHL Banks Office of Finance, and Sue Hill of Federated Investors; and "Muni & Tax Exempt Money Fund issues" with Colleen Meehan of Dreyfus.
The afternoon of Day 2 (after a Dreyfus-sponsored lunch) features: "Dealer Panel: Supply Update and Outlook," moderated by Peter Yi of Northern Trust and featuring Rob Crowe of Citi; Stewart Cutler of Barclays, and Ron Flynn of JP Morgan Securities; "MMF Alternatives: Ultra-Short, Private, SMAs," moderated by JPM's Alex Roever and featuring Jonathan Carlson of BofA Global Capital Management, David Martucci of JP Morgan Asset Management, and Paul Reisz of PIMCO; "Operational & Settlement Issues with Reform," with Tony Carfang of Treasury Strategies and Charles Hawkins of BNY Mellon Asset Servicing; and a "Money Fund Ratings Roundtable" with Robert Callagy of Moody's Investors Service, Roger Merritt of Fitch Ratings, and Peter Rizzo of Standard & Poor's Ratings. (The Day 2 reception is sponsored by Barclays.)
The third day of Symposium features: "Strategists Speak '15: Rates and Higher Rates," with Brian Smedley of Bank of America Merrill Lynch, Michael Cloherty of RBC Capital Markets, and Ira Jersey of Credit Suisse; "Money Fund Reforms: Questions on the Rule" with Stephen Keen of Reed Smith, Sarah ten Siethoff of the U.S. Securities & Exchange Commission, and Jack Murphy of Dechert LLP; "More on Money Fund Reforms: Adoption Issues" with Joan Swirsky of Stradley Ronon <i:http://www.stradley.com>`_ and Tim Schiltz of Ameriprise Financial. Finally, the last session is entitled, "Money Fund Data, Statistics, and Software," with Peter Crane presenting on the latest money fund information tools.
We hope you'll join us in Minneapolis this June! (We'd also like to encourage attendees, speakers and sponsors to register and make hotel reservations early.) In other conference news, Crane's 3rd annual "offshore" money fund event, European Money Fund Symposium, will be held in Dublin, Ireland, September 17-18, 2015. This website (www.euromfs.com) is also now live and accepting reservations, though we continue to tweak our preliminary agenda. (Contact us if you'd like to sponsor.) Finally, our next Money Fund University "basic training" event is tentatively scheduled for Jan. 21-22, 2016 in Boston. Watch www.cranedata.com in coming months for more details.
In other news, the NY Fed released yet another "Statement Regarding Term Reverse Repurchase Agreements." The latest one says, "As noted in the January 28, 2015, Statement Regarding Term Reverse Repurchase Agreements, the Federal Open Market Committee (FOMC) instructed the Open Market Trading Desk (the Desk) at the Federal Reserve Bank of New York to conduct a series of term RRP operations from mid-February through early March. These tests are intended to help the Desk examine how term RRP operations might work as an additional supplementary tool to help control the federal funds rate. The tests will consist of four one-week term RRP operations to take place on successive Thursdays. The amount offered and maximum offering rate associated with each operation will be announced on or around the Monday prior to the operation. A tentative schedule, updated to include additional details on the operation to be conducted on February 19, follows."
