Assets under management for triple-A rated money market funds promoted by IMMFA members grew to US$174.5 billion at the end of 2003, up from US$130 billion at the previous year end. Peter Knight, Chairman of IMMFA commented: ‘IMMFA money market funds have continued to show sizeable growth in real terms, notwithstanding the current challenging environment for managed debt and the rebound in equity markets. Our aim in 2004 is to continue to expand the membership of IMMFA and help members increase their assets under management.’
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.