Money Market Reform: An Update for Defined Contribution Plans

July 2015
Last year, the Securities & Exchange Commission approved amendments to Rule 2a-7 of the Investment Company Act of 1940 which governs U.S. money market funds. Shortly after the announcement, Rocaton circulated a memo to clients summarizing these reforms and noted that investors should revisit the objectives and risk tolerance for their money market vehicles, especially those invested in prime money market funds which are most affected by the new amendments. This Rocaton Insights provides an update on this important topic.

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