Financial markets will mourn the passing of President Gerald Ford by closing Tuesday, January 2, 2007.
Peter Crane will host "Strategies from the Money Fund Masters", with PMs Geoffrey Gibbs of Deutsche, Jonas Kolk of Morgan Stanley, and Patrick Ledford of The Reserve, at New York Cash Exchange, May 30, 2007.
Santa Claus and Alan Greenspan gave cash investors excellent yields this year. The Crane 100 Money Fund Index returned 4.66% in 2006 vs. a 2.95% return in 2005 and a 1.06% return in 2004.
Money market mutual fund data company iMoneyNet has hired Katharine Firth as European sales representative reports Businesswire.
Independent broker network Linsco Private Ledger has hired Mark Schlafly, formerly of A.G. Edwards, as senior v.p. sponsor relations, and Dan Boyle, formerly of Ameriprise, as senior v.p. service centers.
Treasury Strategies has hired Paul LaRock, formerly in treasury and cash management at ServiceMaster, as Principal.
JPMorgan Asset Mgmt Global Cash Sales Head Kathleen Hughes says of their recent TMI Award, "We are delighted to receive the Best Money Market Fund Award. The judging was based solely on surveying Corporate Treasurers."
Federated's Joseph Natoli says in his most recent "Economic picture", "the fed-futures market began to advance the liklihood of the first Federal Reserve rate cut to mid-2007 and possibly sooner."
The greatest economist who ever lived, Milton Friedman, passed away in San Francisco at the age of 94.
Bob Push, formerly with Man Financial, has launched Robert Charles Consulting.
ICI Counsel Amy Lancellotta has been appointed Managing Director of the Independent Directors Council. IDC is "The voice of mutual fund directors at the Investment Company Institute."
Tony Era has taken over the portfolio management of USAA Money Market Fund from Pam Bledsoe Noble.
The Reserve has hired former IBM executive Elliott Goldstein as an Institutional Relationship Manager. "Elliott is an extremely knowledgable and respected individual within the corporate treasurer community," says MD Eric Lansky.
Elyse Weiner, MD & Global Head of CitiGroup Liquidity, says of the new Citi Online Investments, "Companies are looking to manage their cash in a comprehensive way, and our portal integrates the investment process ... for comprehensive, one stop cash management."
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John Bonnell has returned to USAA Investment Management to co-manage the USAA Tax-Exempt Money Market Fund (with Tony Era).
Stephen Ward, CIO & money fund patron, has retired from Charles Schwab.
Robert Heady, founder of Bank Rate Monitor (which is now BankRate.com), syndicated columnist, and pioneering financial journalist, died last month at his home in Jupiter, Florida. Our condolences to his family and friends.
Kevin Stewart left American Beacon for the HSBC Money Fund sales team.