The Company and its subsidiaries provide investment management, administration, distribution and related services to individual and institutional investors through the Janus series of mutual funds, subadvised relationships and separate accounts.
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Fool UK
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Go to IMMFA. They released mid-day (Wed Jan 10, 2007) statement saying UK FSA intends to treat institutional money market funds as marketable assets for banks that use the liquidity mismatch regime. This will translate into higher MMF sales. Legg Mason is a player, and so too are BLK, JNS, and GBL. I think with energy less and less in favour, MMFs may have a good quarter on that backing as well as PMs decide where to deploy there capital. In the meantime it will be parked in MMFs. enjoy the coming quarter in these management firms to reap these benefits.