Online money market fund trading portal technology provider Cachematrix has released a new whitepaper written by Founder & CEO George Hagerman entitled, "Money Market Funds: The Impact of the Financial Crisis." The paper reviews the "global financial crisis of 2007-2008" and "discusses the impact of the events of September 2008 and their aftermath on money market funds." Hagerman writes, "Money market funds and their service providers should begin to assess their readiness to comply with a significant regulatory overhaul of money market fund regulation and market demands for greater transparency. Regulatory requirements, or market-based demand for, more information on a more frequent basis may require new or enhanced compliance processes and technology solutions. Funds and their service providers should begin to assess their ability to gather, analyze and report" risks such as portfolio risk, shareholder concentration risk, active trading risk and transparency risk. In other news, ICI reports that "money market mutual fund assets increased by $4.36 billion to $3.668 trillion for the week ended Wednesday, July 8.... Taxable government funds decreased by $8.12 billion, taxable non-government funds increased by $10.66 billion, and tax-exempt funds increased by $1.83 billion."
