Bloomberg Law
June 17, 2022, 11:00 AM

Money Markets Rake In Cash as Funds Gird for Regulatory Changes

Alexandra Harris
Alexandra Harris
Bloomberg News

The specter of regulatory change is hanging over the $4.5 trillion US money-market industry, even as the Federal Reserve’s aggressive interest-rate hikes and market volatility have investors piling in.

That’s the backdrop that will be front of mind for the roughly 400 attendees at the Crane’s Money Fund Symposium beginning Monday, a marquee event for a business that struggled the past two years while rates were near zero.

Money funds have grown by about $100 billion since April, and they hold almost $1 trillion more than at the start of the pandemic, when companies raised cash and parked it in ...