SVB Financial Group writes "​No Risk vs. Know Risk" in its largest "Observation Deck newsletter. President Adam Dean writes, "​Uncertainty in capital markets has made some firms (​and boards) opt to forbid investing any of their precious cash in securities that have credit risk. Even fixed-​income issuers and money funds with well-​understood and transparent risk profiles, both before and after the credit crisis, have been categorized by some as unacceptable or '​unknowable' risks as a result. With government money funds, short-​term treasury and government-​backed agencies perilously close to zero yield now and in the near future, the time has come to reassess that approach.... Instead of saying '​no risk,' we argue that the better approach going forward is to actually know your risk." Dean says to, "Utilize a credit research team focused solely on corporate cash," and that, "A credit team'​s job doesn'​t end at money funds." In other news, see "Transamerica Asset Management Group Launches New Institutional Share Class"."

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