Story by: James Kenny, Nick Rice and Rob Langston, Investment Adviser
The aura of stability and protection surrounding money market funds has started to wane with six out of 29 funds in the IMA Money Market sector losing money over three months to 22 September, according to figures from Morningstar.
The manager of the £672.6m Henderson Preference & Bond fund has said he regretted buying late into the asset-backed security boom and described the fixed interest climate as the worst in the last 10 years.
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Some managers find corporate bonds unfairly undervalued as only Lehman brothers has so far actually defaulted
Skandia Investment Group chief executive Jamie MacLeod talks to Hugo Greenhalgh about recent performance, staff moves and inventing multi-manager
Auguries of real disaster might not be indicated by the FTSE index but by the Libor rates
Major fund management groups have postponed further fund launches until next year in the wake of extreme market conditions.
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