Cash Management

Many financial advisers aren't surprised that investors pulled $10 billion from money market funds in a recent week as they sought out higher-yielding options to park cash. “More people today are looking at many other options than money markets, compared to even a few years ago,” said Tom Hoffman,

Ex-Charles Schwab Corp. investment company manager Randall Merk agreed to pay a $150,000 civil fine to resolve a Securities and Exchange Commission lawsuit accusing the company of misleading investors in its YieldPlus fund.

The nearly two-year trend of companies' hoarding cash due to economic uncertainty plays right into the hand of the $560 million JPMorgan Equity Income Select Fund.

As all eyes focused on the equity markets, one easily overlooked development yesterday was the Treasury's 30-year bond auction. Guess which player didn't take part?

Pimco's Bill Gross said Bank of New York Mellon Corp.'s decision to charge clients for large deposits shows how the government's efforts to revive the economy are distorting markets and hurting savers.

Money-market mutual funds took in $24.9 billion yesterday, bouncing back from their second-worst week of withdrawals, as investors unsettled by the debate over raising the U.S. debt ceiling returned to the market.

Aggregate wagers against the greenback rose for the fourth consecutive week, data from the CFTC show.

Investors last week pulled more money from money-market mutual funds than any week this year.

Financial advisers might want to consider their options with regard to cash management if for no other reason than peace of mind.

Some asset management executives would argue that now isn't a good time to be in the money market fund business

Investors doubled their holdings in cash this month to the highest levels in more than a year as money managers remain divided on the outlook for the global economy, a BofA Merrill Lynch Global Research survey showed.