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"Designating one money market fund as a significantly important financial institution won't accomplish much except destroy that one money market fund," said Jay G. Baris, a lawyer at Morrison & Foerster, which has represented fund companies.
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"The $54 million represented funds the Sterling partners had invested with Madoff, as the Trustee acknowledges.
The Spanish government moved from an overall fiscal surplus of 2% of GDP in 2007 to a deficit of -11% in 2009, and over half the increase represented funds for bank bailouts.
12.15pm: Questions from the IMA, which represents fund managers, pointing out that the maximum payout ratio for fund managers might not work.
Last week Pirc, which represents fund managers and pension funds, said the complexity of the Barclays plan "prevents analysis of the design and quantum of executive pay".
"The problems didn't stem from lack of rules but bad attitudes," said Kathryn B. McGrath, a partner in the law firm of Crowell & Moring, who represents fund companies and their boards.
The Investment Managers Association IMAMA), which represents fund managers who may end up investing money paid into the scheme, said the bill was "an important step" in making personal accounts a reality.
Obviously this represents funded or open projects and isn't representative of the entire gamut (Kickstarter tends to reward failure with anonymity) but why do so many pens survive?
Although it might seem unimportant whether wealthy investors made a few million dollars less than they could have, those investors often represent funds that include workers' pensions and mutual funds.
The $4,000 represents funds given to her City Controller and City Council accounts by the Francoeurs.
So far about 50 U.S. and European asset owners and fund managers representing funds to the tune of US$4 trillion have signed on to the PRI.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com