9+ years of experience
He joined Informa in 2012, and works with the editorial team and management to address money market fund issues for our weekly, monthly, quarterly and occasional publications. He uses his analytical skills to craft editorial about the MMF industry for an audience of informed, engaged C-level financial professionals.
Previously, he was VP Editorial and Production and Managing Editor at Carnegie Communications, a custom-publishing company in Westford, Mass. which he co-owned and managed. The company pioneered the publication of high-quality publications that served the student-recruitment needs of more than 500 U.S. colleges and universities.
22 Jun 2021
The pandemic-fueled volatility of 2020 had the effect of driving total, taxable, government, and retail U.S. money-market fund assets higher, but it had the opposite effect on the already-struggling tax-free and municipal-fund sector of the industry, reducing the number of tax-free funds by nearly 15 percent since January 2020 and assets in those funds over the same period by 41.7 percent to the lowest levels since iMoneyNet began tracking tax-free fund data in 1981. As of end-May 2021, total assets in tax-free funds stood at $92.4 billion, down from $107 billion in early January and from $141.0 billion in January 2020, just prior to the outbreak of the COVID pandemic, as the table above shows. Similarly, the number of funds fell to 162 on May 31 of this year, a reduction from 185 as the year began and from 187 in early 2020. Read more...