MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, November 14, 2007 Black: No SIVs, Please Janus chief executive Gary Black is proclaiming loudly the his firm has low exposure to SIVs in its money-market funds. A Reuters report quoted Black as saying that 5 percent of Janus's money market assets are invested in SIVs and that most of the exposure is to bank-sponsored SIVs. "We haven't had any issues with SIVs as some of our competitors have had. We are risk-averse. Our research is very strong," Black told the audience at the Merrill Lynch Banking and Financial Services Investor Conference in New York. Printed from: MFWire.com/story.asp?s=16479 Copyright 2007, InvestmentWires, Inc. All Rights Reserved |