In mid-October of this year when new regulations are implemented, Prime and Tax Exempt Institutional Money Funds will switch to fluctuating net asset values, and fund boards will be empowered to impose temporary fees or gates if that is in the best interest of fund investors.
There has been much discussion and hyperbole around what these changes mean for corporate investors. Last month, as part of helping our clients navigate these new regs, we conducted a short survey of how companies plan to alter their investing behavior. Here’s what we found.