FYI: Regulators' attempts to prevent another run on the $2.7 trillion money-market fund industry is having some unintended consequences.
Some of the largest fund providers, led by Federated Investors Inc. and BlackRock Inc., are considering offering private funds with a fixed $1 dollar share price as an alternative to institutional prime funds that were forced last year to adopt a floating price. Invesco Ltd. is discussing several alternatives with clients, including letting them move money into its existing private pool, said Lu Ann Katz, who heads the firm's global liquidity business.
Regards,
Ted
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