Summary
THE failure of bankers to spot the market risks that led to the cataclysmic events of the past 18 months was also common to fund managers.
Certain managers of supposedly lowrisk money market funds were found particularly wanting.See the full content of this document
Extract
Cash Vehicle That Fell Off a Cliff ; Fund Focus
The money market is assumed to embrace funds investing in assets that, like cash, are lower risk and offer lower, cash-like returns.
B...See the full content of this document
Sponsored links
