Woman and will be gms first female ceo ever. I like the fact that she did a lot of what al mulally did, shes rationalizing production, thats important when you have gm, a lot of brands, make a lot of different cars. One of the thing great about the Great American manufacturing companies, they rapidly realized you have to make the same thing in europe, same thing in asia, same thing in the United States, nobodys that good to have that many fractured brands. She was the one quoted as saying gm, no more crappy cars. Thats a good mantra. Right. Certainly ackermans tenure has been a successful one. Yeah. When she takes over, not clear at this point. At least i havent heard it in the various news reports. I dont know if its immediate or is it timed to coincide with the governments announcement yesterday . I imagine so. This is the beginning of what could be a big dividend cycle. Gm has done so many right things. They have such momentum around the globe, in china, in the United States, europe
May 23 21
Last week, Crane Data hosted its latest webinar Handicapping Money Fund Reforms, which featured our Peter Crane and Dechert LLP s Steve Cohen discussing the latest developments on further Money Market Fund Reforms and when to expect a regulatory proposal from the SEC. We quote from the session below. The recording is available here for those that missed it. (Note: Mark your calendars for our next free webinar, Asian Money Fund Symposium, which will take place June 17 from 10am-12pm EDT. Register here: https://attendee.gotowebinar.com/register/1572569223058129680.)
Cohen comments, As we talk about what s going on, with future reforms as well as the 2014 reforms, you ll see that the regulators have really moved away from just that idea of trying to preserve the fund s stable NAV and have really focused more on systemic risk. They ve been focused on potential redemptions; heavy redemptions from money market funds that
Jan 07 21
In January 2016, money market mutual funds were in the midst of a series of dramatic changes ahead of October 2016 s Money Fund Reforms, the biggest changes to money fund regulations since their introduction in October 1970. Five years ago, we ran the story, Rolling w/Reform Changes II: Recap of 15 Announcements, 16 Plans, which reviewed a number of major changes among the largest managers that took place during 2015. As in the past year, exits from Prime MMFs and fund repositioning were notable trends. Today, we examine the Covid-19 driven changes and general fund actions over the past year, as we prepare for potential regulatory changes and more fund lineup shifts in the New Year. (See also our Dec. 17 News, Top 10 Stories of 2020: Assets Skyrocket; Yields Plunge; Regs Coming? Note: Readers may also review Crane Data s News, Link of the Day and Money Fund Intelligence Archives for more stories from the past year, 5 y