Crane Data Subscribers
Financial Week's "Rising Money-Fund Risks Raise Specter of Default", subtitled, "Growth in assets and yield-hungry CFOs lead money managers to invest in everything from credit card debt to auto loans", discusses growing risks in money market mutual funds. The article cites a Moody's seminar and survey where 47% of respondents thought money funds had gotten riskier (up from 39% in 2005). It also discusses the growing complexity of structured securities (quoting Peter Crane among others). Henry Shilling, senior VP at Moody's, said, "Quite frankly, not all of them [146 money fund complexes] have the resources that are required given the new reality associated with the type of securities they're buying."
