Assets of IMMFA member, triple-A rated, money market funds rose to US$130.4bn in the last quarter of 2002, according to the trade association. Dollar funds rose 19.7 per cent to $80bn, Euro funds grew 21.2 per cent to EUR18.3bn, whilst sterling funds fell 4.9 per cent to £21.6bn in the period to 31 December 2002. ‘We expect robust asset growth to continue in 2003, as corporations and governments continue to seek absolute safety and continue to build cash war chests,’ said Peter Crane, Managing Editor, IMMFA Money Fund Report.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.