Reich & Tang today announced it has added several of its U.S. money funds to MyTreasury's money market fund portal. Building upon the success and rapid growth of its European money fund portal, MyTreasury recently expanded its portal offerings to include U.S. money fund managers.
"We are excited to have our U.S. funds added to MyTreasury's portal," said Rich Meier, Head of Institutional Sales at Reich & Tang. "It is a rewarding experience when you can enter into an agreement with a provider whose strategy is so closely aligned with your own." MyTreasury's approach centers on transparency and efficiency in money fund trading. Reich & Tang has been a leading proponent of money fund transparency and recently announced that in addition to disclosing portfolio holdings on a daily basis, it also discloses its approved issuer list daily, marking an unprecedented level of transparency in the money fund industry.
"We have recently endeavored to grow our portal with the strategic addition of U.S.-based funds, and including Reich & Tang is a welcome addition to our growing list of fund managers," said Justin Meadows, CEO of MyTreasury. "The Reich & Tang funds commitment to transparency in their offerings is very much in line with our value proposition, which will help to greatly simplify our clients' due diligence process, and assist them in making key decisions most suitable to their investment policies." MyTreasury's portal, which has grown to $45 billion, is a four time award winner of the Treasury Management International Best MMF Dealing Portal Award. "With the same mechanics in place, we hope to compound this success with the addition of our U.S.-based offering in the coming years as well," added Meadows.
Amidst all of the chatter surrounding money market funds, they continue to prove their worth and are a critical investment component for most treasury professionals. "In a money fund environment where clients demand transparency, better trade automation, and access to the most relevant, timely information, we are very pleased to be associated with MyTreasury's portal and the value they bring to their clients," concluded Meier.
About Reich & Tang
Reich & Tang specializes in liquidity and short-term investment management solutions. It supervises $26.5 billion in assets as of December 31, 2011, with approximately $12.9 billion in domestic and offshore money market funds and separately managed accounts. Reich & Tang is a subsidiary of Natixis Global Asset Management, S.A.
About My Treasury
MyTreasury is the leading global electronic trading platform specifically designed to meet the trading needs of treasury investors. It is part of the electronic broking division of ICAP, the world's leading interdealer broker and supplier of post trade services. http://www.mytreasury.info/
Contacts:
Reich & Tang
Frank Bonanno, 212-830-5318
VP, Director of
Marketing
fbonanno@rnt.com
