Money Expo

Are You Attending the 13th Annual Money Market Expo?

noreply@blogger.com (Unknown) — Thu, 10 Mar 2011 20:33:00 +0000

If you are, then we look forward to seeing you next week, March 14 - 16 at the Money Market Expo.

Here are a few details regarding the event:

MMX Location:
The Peabody Hotel,
9801 International Drive,
Orlando, FL 32819.
1.800.732.2639

Registration:
The Registration desk is located in the Plaza Ballroom Foyer

Monday:
Monday morning marks the beginning of our Investor’s Summit. You must either be registered for the Investor’s Summit, a member of the speaking faculty, or have a complimentary end investors pass to attend. If you would like to add the Investor’s Summit to your registration, an additional charge of $700 will be required.

Registration will open at 8:15 am Monday morning. All attendees will be allowed to attend the iMoneyNet Welcome Reception at 4:30 pm on Monday. If you are not attending the Investor’s Summit and would like to attend the reception, please stop by the registration desk before 4:30 pm to pick up your badge.

Tuesday:
Our general session will begin Tuesday morning starting with Coffee and Registration at 8:45 am.

Agenda:
There have been a number of changes to the program over the past few months. Please be sure to review the MMX Agenda at a Glance, to appropriately schedule your time onsite.

If you have any questions about the event, please contact jkotsinonos@iirusa.com.

See you there!
The MMX Team

Five World Markets Themes to Ruminate

noreply@blogger.com (Unknown) — Fri, 18 Feb 2011 21:45:00 +0000

According to Reuters, these are five motifs to think about in the upcoming week:

HEADY STOCKS
CHINA CHIMES IN
BANKS IN SPOTLIGHT
BALANCING INFLATION AND GROWTH RISKS
FIGHTING FIRES

What issues or trends do you foresee?

Jamie Dimon - Regulation Needs to Be More Intelligent

noreply@blogger.com (Unknown) — Mon, 31 Jan 2011 16:12:00 +0000

Jamie Dimon, chief executive officer of JPMorgan Chase & Co., discusses financial regulation and the need for fiscal discipline in the U.S. Dimon speaks with Erik Schatzker on Bloomberg Television's "InBusiness" at the World Economic Forum in Davos, Switzerland. (Source: Bloomberg)

Come to the session titled: Regulatory Roundtable: Understanding What New Regulations are in Store for Money Markets, and When They Will be Implemented at

The 13th Annual Money Market Expo March 14 - 16 2011 Orlando Florida.

This year's MMX is all about turning industry challenges into industry opportunities! Like you, we are responding to changes in the market, and refocusing our efforts to help you succeed in the "new normal." We have new topics, new formats, and a new Investors Summit all designed to demonstrate how your organization can adapt and conquer in the new marketplace.

Click here to find out more now: Money Market Expo

Four in Five Companies Could Drop Money Funds if Floating NAV Becomes Reality, AFP Survey Shows

noreply@blogger.com (Unknown) — Thu, 13 Jan 2011 17:31:00 +0000

By Brian Kalish of Association for Financial Professionals

Move might add concentration risk to banking system, limit sources of corporate funding

If money market mutual funds (MMFs) are required to shift to a floating net asset value (NAV) reporting structure, as some policy makers have called for, many corporations would drop these funds from their portfolios, according to a survey by the Association for Financial Professionals (AFP). Four out of five organizations that currently include MMFs in their short-term investment portfolios would likely move at least some of these investments to other vehicles if MMFs were to shift to a floating NAV.

In follow-up questions to AFP's recent 2011 Business Outlook Survey, 54 percent of survey respondents indicate that their organizations would shift corporate cash into bank deposits and U.S. Treasury securities and out of money funds if a floating NAV becomes reality. Of those responding, 22 percent would move funds out of MMFs and into non-2a-7 fixed-value investment vehicles, such as offshore money market funds, enhanced cash funds and stable value vehicles. Four percent of survey respondents anticipate their organization would move funds currently in MMFs into other short-term, variable share price investments, such as ultra short bond funds.

These responses represent corporations and other organizations, such as academic institutions, but not banks or financial institutions.

"Where will $2.8 trillion be invested if we move to a floating NAV?" asked Brian Kalish, AFP's finance practice lead. "Many companies would not be able to consider MMFs as viable short-term investment vehicles if the NAV floats because it would put them in violation of their own investment policies."

"If the $2.8 trillion moves into the banking system, we would be trading the diversification that MMFs provide for the increased concentration risk of investing in a very small number of very large banks." Kalish said.

The $2.8 trillion that organizations invest in MMFs also provides a critical source of funding to U.S. businesses through the purchase of commercial paper. A reduction in the balances held in money funds would reduce capital available to purchase commercial paper, which companies utilize to fund their operations and short-term funding needs. Companies would have to find an alternate funding source, or reduce their spending to compensate for funding shortfalls.

AFP members, who are responsible for ensuring that their organizations have enough cash on hand to fund operations, are uniquely positioned to observe the cash flows and investment decisions of their organizations. Since they work in a wide range of industries and in both public and private organizations of varying sizes, their opinions reflect a broad corporate perspective that is both operational and strategic.

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MMX 2011 is here! Join us at the Peabody Hotel in Orlando, FL, March 14-16, for a new Money Market Expo! Click here to learn more.

Warren Buffett Short Term = FAIL

noreply@blogger.com (Unknown) — Mon, 10 Jan 2011 14:44:00 +0000

For many people Warren Buffett is a role model. Beginners are wowed by his investment strategies and if they can stand the long term processes are sure to gain success. However many beginners want to get immediate capital gains on their investments which is not really where Warren Buffet’s strategies lead them.

Invest for Long term instead of short term - Say's Warren.

Warren Buffett’s strategy is to invest and hold for long term rather than short term profits. Even if investments have higher gains in short terms periods he will hold those stocks for the long term rather than cashing out quickly. Don’t worry about short term fluctuations and just hold on. He always bases judgment on the overall business not just the stock details. Purchasing into a good business which has strong business management and companies’ financial health is positive strategy to long term gains.

Warren Buffett suggests not to be an active day trader, the active day trader is generally focused on the short term investment rather than the long term gains. So their decisions are based on a quick hit and potential gain. Warren on the other hand see’s the potential on holding on to a stock for the long term.

A key suggestion from Warren Buffet -- “Stay away from leverage”.

So do you agree or disagree with Warren’s strategy? Do you think Short Term Strategies = FAIL?

This year's Annual Money Market Expo is all about turning industry challenges into industry opportunities! Like you, we are responding to changes in the market, and refocusing our efforts to help you succeed in the "new normal." We have new topics, new formats, and a new Investors Summit all designed to demonstrate how your organization can adapt and conquer in the new marketplace. Meet us at the expo to discuss short term and long term strategies. Click Here to learn more

AFP Joins Coalition Opposing a Floating NAV for Money Market Funds

noreply@blogger.com (Unknown) — Tue, 14 Dec 2010 14:30:00 +0000

By Brian Kalish of Association for Financial Professionals

AFP is joining a broad-based corporate effort to protect the ability of money market funds to operate with a stable $1.00 net asset value (NAV). In a forthcoming comment letter to the Securities and Exchange Commission (SEC), AFP will repeat its opposition to proposals that could undermine the usefulness of money market funds by requiring them to use a floating NAV.

"American business will lose one its most important sources of short-term funding if money market funds are forced to abandon their stable per-share value," reads the letter.

The comment letter will be signed by AFP along with the U.S. Chamber of Commerce, Financial Executives International (FEI), and the National Association of Corporate Treasurers. All four groups are encouraging their members to join in this effort by signing the letter as individual companies.

Corporate finance professionals depend on money market funds as key instruments for cash management and short-term investing. The stable $1.00 NAV provides key accounting and tax benefits for cash managers, and is required by many companies' treasury policies. Forcing these funds to adopt a floating NAV would gravely harm their usefulness and drive away investors. Shrinking money market funds would harm corporate financing in turn, as these funds purchase approximately one-third of corporate commercial paper.

MMX 2011 is here!

noreply@blogger.com (Unknown) — Wed, 17 Nov 2010 21:11:00 +0000

MMX 2011 is here! Join us at the Peabody Hotel in Orlando, FL, March 14-16, for a new Money Market Expo!

As you have responded to changes in the market, we have responded to meet your evolving needs. We recognize that budgets are tight and your time is valuable, so we are combining our two money fund conferences, MMX and Money Fund Forum, into a single, high-quality, high-impact event. Combining these signature events enables us to offer you all the content and networking opportunities you need for the price of a single conference. Get the most value for your dollar by attending the only money fund event that matters!

The 13th Annual MMX will offer you everything you get from two annual conferences under one roof, and for one price! Our exciting program features new topics, new outlooks, and new solutions to your biggest challenges.

NEW at Money Market Expo:

Investors’ Summit: A full day of face-to-face time with Corporate Treasurers discussing their liquidity strategies and the role money markets continue to play in their plans.
Stump the Stars! : An interactive panel that allows you to control the conversation. Send topic suggestions before the conference, or come prepared to ask them the hard questions live.
Focus on New Products and Future Growth: Discover new money market products, brainstorm ideas to increase your profit despite the low yield environment, and beat competing bank products!
Meet investors from: IBM, Global Payments, Racetrac Petroleum, Westlake Chemical, and more

State Issuer Joins Money Market Expo

noreply@blogger.com (Unknown) — Thu, 21 Jan 2010 16:30:00 +0000

MMX and iMoneyNet announce the addition of a new speaker to MMX

Marjorie E. Henning, General Counsel, New York City Office of Management and Budget

Will be joining the following panel:

Special Tax-Exempt Breakout Discussion

This one-hour session, during the Main Conference day March 8 2.00 pm, will provide a general market update and an issuer view towards variable rate debt going forward.

Confirmed Speakers:

Mary Jo Ochson, Chief Investment Officer – Municipal Money
Markets, Federated Investors
Adam Rudner, Director, Citigroup Global Markets Inc.
Ben Schuler, Municipal Research Analyst, Fidelity Investments

More Restrictions, Dazed and Confused Tax Payers

noreply@blogger.com (Unknown) — Thu, 21 Jan 2010 12:52:00 +0000

That man standing behind President Barack Obama? That's Paul Volcker. So now what happens to Money Funds and who will be the next systemic regulator?

My bets are on the Fed.

President Obama is harnessing taxpayer anger about banks to push more restrictions.

Announcing New Speaker: Burcu Duygan-Bump, Senior Financial Economist, Federal Reserve Bank -- Boston

noreply@blogger.com (Unknown) — Fri, 08 Jan 2010 20:58:00 +0000

Special Speaker: BURCU DUYGAN-BUMP, Senior Financial Economist, FEDERAL RESERVE BANK -- BOSTON

Ms. Duygan-Bump will give a speech delineating the AMLF outcomes, starting with a description of who used them, and then following up with how they were used, and a description of their changing characteristics over time. The talk will end with a 30-minute question and answer period with the delegates. Times will be announced shortly. Please stay tuned.

For more information and to register for the forum, please visit the 12th Annual Money Market Expo, which takes place March 8-10, 2010 in Orlando, Florida.

Standard & Poor's Joins Forces with the Money Market Expo

noreply@blogger.com (Unknown) — Fri, 18 Dec 2009 18:20:00 +0000

Proving again that strategic partnerships in the money markets produce strong results and community-minded content, we are proud to announce that Standard & Poor's has just agreed to sponsor the 2010 Expo. We are excited about this and so is S&P.

Thank you.

Evolving Implications in an Uncertain Year

This is the year that will see more participation from corporate treasurers, institutional investors and municipal issuers, as well as voices from portfolio managers that have not been heard before, or who have not been heard from at the expo in a number of years.

We welcome speakers from S&P, who have helped make this happen, and who will be bringing their astute observations to the discussion.

Peter Rizzo, Senior Managing Director
Anthony Ivancich, Associate Director

They will be speaking on two panels:

March 8, 2010 at 9:00am
Adapting to Regulatory Changes

and

March 9, 2010 at 3:20pm
Evaluating Risks in Money Funds: Credit Assessments, Liquidity Risks and Credit Ratings

A new speaker, Esther Chance, Portfolio Manager at Invesco Aim joins that panel, as well.

Other New Additions to the Program

Special Tax-Exempt Breakout Discussion on the Main Conference Day, March 8, 2.00 pm

This one-hour session will provide a general market update and an issuer view going forward.

Three money funds experts will be joined by a large issuer from New York and a major national health care issuer, schedules.

Confirmed Speakers:
Mary Jo Ochson, Chief Investment Officer – Municipal Money Markets, Federated Investors
Adam Rudner, Director, Citigroup Global Markets, Inc.
Ben Shuler, Municipal Research Analyst, Fidelity Investments

March 9, 2010 at 1:15pm

A Blackrock Analyst Presents: Municipal Bond Market Fundamental and Technical Perspective

This special topic presentation provides insight into State and Local credits.
The fiscal condition of U.S. State and Local governments has been a growing concern among investors. A muni analyst from Blackrock leads an engaging discussion and presentation about the municipal markets. The session will provide a greater perspective on the fundamentals and the technical risks, as well as opportunities within the sector.

Then we have a new round table discussion on that same day, starting around 4:30pm:

Brews & News Roundtables: Who Wins? Solving the How to Manage Money Markets Question for a Return to a New Normal in the Industry

•Who benefits most from the new SEC regulations and how will portfolio managers tune their fundamental practices now that decisions in regulation have been made
•How are approved lists managed internally in the tax-exempt and the taxable spaces to induce stability of risk and assurance of return?

Roundtables will be set up to debate the topic, discuss the consequences and benefits of new regulations or pending new regulations. Take advantage of this time to have your voice heard and to enjoy refreshments with your colleagues.

If you are interested in being a speaker on the program,E-mail Me!.

Additional new speakers to the program:

Peter Yi, Senior Portfolio Manager – Short Duration Fixed Income, The Northern Trust
Paul Reisz, Senior Vice President -- Product Manager, PIMCO

What is Going on with Money Market Expo

noreply@blogger.com (Unknown) — Fri, 18 Dec 2009 18:11:00 +0000

Thank you tried-and-true friends of Money Market Expo, the 13-years old expo for the money markets industry.

You've been around with us for a while, so we wanted to let you know we appreciate that by launching a blog to keep in touch with you in a way that is easy and efficient for you. Check back here for updates. You can see new speakers and new agenda items, and even post thoughts in the comments, that will go directly to our team.

Thanks for being with us. We look forward to seeing you at the Orlando Resort: Marriott World Center in Orlando, Florida March 8-10, 2010.

ICI Releases Statement on House Passing of Regulatory Bill

noreply@blogger.com (Unknown) — Fri, 18 Dec 2009 17:57:00 +0000

This is a little old, but the House passed H.R. 4173, a bill designed to reform the nation’s financial regulatory system.

ICI President Paul Schott Stevens says that the bill could subject mutual funds to wholly inappropriate forms of bank-like regulation were regulators, however improbably, to deem mutual funds to be a source of ‘systemic risk.’