Regardless of how much money moves or where it goes, some conference participants such as Tony Carfang, a Chicago-based managing director at Treasury Strategies, said assets won’t remain in government funds forever as the desire for higher returns win out.
“The jury is still out as to whether prime money funds have a future,” Carfang said. “Government funds aren’t where money is going to find its long-term resting place.”
This article was provided by Bloomberg News.