Livin’ On a Prayer: Why the Deficit Deal Falls Short

BY BRUCE FERNANDEZ, CFA Although most of the recent media coverage has focused on the $14.3 trillion of national debt, the real issue is a measure known as the fiscal gap. The fiscal gap you ask? What is it and why is it so important? The easiest way to think about it is this: the […]

It’s Greek to Me: Understanding Money Funds’ Exposure to European Banks

BY BRUCE FERNANDEZ, CFA What do the recent events in Greece have to do with you?  If you have money invested in a money market fund (MMF), the answer may surprise you.   According to a recent report by Fitch[1], MMF exposure to European banks on represents 50% of the total assets of the 10 largest […]