The Beginning of the End of Money Market Funds?

The Beginning of the End of Money Market Funds?

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WilmerHale’s Investment Management Group provides sophisticated legal and regulatory advice to investment advisers, private fund sponsors, registered funds, and their independent trustees.
WilmerHale has defended clients in hundreds of class, derivative, shareholder and individual actions alleging securities fraud, breach of fiduciary duty and other corporate misconduct.
WilmerHale has a record of success at all stages of enforcement proceedings—from informal inquiries to litigation.
WilmerHale has defended clients in hundreds of class, derivative, shareholder and individual actions alleging securities fraud, breach of fiduciary duty and other corporate misconduct.
A global team handling highly complex and sensitive matters in all aspects of litigation.

On January 15, 2009, a steering committee of the Group of Thirty issued Financial Reform: A Framework for Financial Stability, which contains two recommendations as to money market funds.1 The two recommendations concerning money market funds are outlined in our recent Email Alert.

1 Available here.

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