In 2008, one fund, Reserve Primary, "broke the buck," falling below the $1-a-share asset value that money market funds have traditionally maintained.
Of the nine surviving Internet funds, Cook's is the largest (Class A share assets: $296 million) and one of the oldest.
The numbers appear frozen: sales unchanged at about $10 billion since 1993; net income hovering around $64 million 2020 cents on either side of $1.70 a share for the past three years last yearr it was $1.65 a share);assets virtually unchanged, at about $3 billion, and liabilities also fixed, at about $842 million.
The deputy first minister told Good Morning Scotland on BBC Radio Scotland Sterlingng is a shared asset.
But no company can deploy talent effectively if it doesn't treat its best people like a shared asset rather than the property of a particular unit.
She said there were three reasons for this: Scotland is rUK's second largest export market; its oil and gas sales make a valuable contribution to the UK's balance of payments; and the pound is a shared asset.
"It needs to be a shared asset rather than a technology controlled by a single vendor," says Chris Ferris, chief technology officer for open technologies at IBM, which was a founding member of the project.
If they say we [the rest of the UK] are the continuing state, we take all of the assets of the UK – remember the pound is a shared asset – then it flows from that that Scotland couldn't then be expected to take a share of liabilities.
The notion that sterling is a shared asset has been a key plank in Salmond's case that Scotland has a clear moral and legal case to have a formal currency zone, but it has been challenged by senior economists, who say a currency is only a system of exchange or a liability.
Jamie believes they are a shared asset.
Data should be a shared asset, but many companies struggle to treat it as such.
