Fundsters interested in the changing money market mutual fund business may to take a look at
Bloomberg. Christopher Condon
reports on the impact of new
SEC regs requiring money funds to reveal shadow NAVs.
Some money fund managers are already feeling pain as they maintain the sacrosanct $1 NAV; Bloomberg notes that
Schwab [
see profile] pumped $132 million into its money funds last quarter while
T. Rowe Price [
see profile] plans to pour $17 million into its money funds this quarter.
"The reforms may usher in an era of micro-bailouts,"
Crane Data president
Peter Crane told Bloomberg. 
Edited by:
Neil Anderson, Managing Editor
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