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Shaw all lost hedge fund assets.
Fidelity has $440 billion in money market fund assets.
Mutual fund assets are now at $7 trillion.
And K.K.R.'s hedge fund assets remain less than 15 percent of what Blackstone runs.
Asia, excluding Japan, accounts for half of hedge fund assets dedicated to emerging markets.
The fifth member, with experience managing major fund assets, would be appointed directly by the comptroller.
"Sovereign wealth fund assets are being redirected from international investments back into the Mideast".
"Most money market fund assets mature in less than 60 days," Mr. Scharfstein said.
The return to higher rates comes at an all-time peak for bond fund assets.
They then can use that relationship to get low rates for their fund assets as well.
In 1990, Americans had $207 billion in retirement mutual fund assets.
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