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A transformational year for money market funds

Money market funds on both sides of the Atlantic have been under pressure like never before. Regulatory crackdowns, ultra-low interest rates and a reduction in banks’ reliance on short term funding all led to a difficult year. Some funds closed to new investment or shut down completely. If rates remain at rock bottom or regulators become overzealous, many more funds could leave the business, Craig McGlashan reports.

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