During the COVID-19 lockdown prime money market funds (MMFs) suffered huge outflows. Conversely, in quarter two MMFs attracted EUR 136 billion in net new money – the largest inflow ever observed on a quarterly basis.
Over the same period Calastone commissioned an independent piece of research that revealed MMF investors want to optimise returns by finding yield and cutting investment process costs. In fact, many feel they are being held back by investment process complexity and the many frictions within it.
Join Simon Keefe, Global Head of Product at Calastone on this short webinar where he will use our latest research to highlight where MMF investors want the industry to modernise – automate and digitise – and serve them better.
Global Head of Product
Simon Keefe is Managing Director and Global Head of Product at Calastone where he is responsible for leading the growth and strategic development of Calastone’s product offering. Simon joined Calastone in September 2016 initially as global product development director before taking responsibility for Calastone’s product and proposition. Simon has over 25 years’ experience in financial services and most recently prior to joining Calastone he spent 10 years on the buy side at large B2B platforms - SEI Investments and Bank of New York Pershing in relationship management where he ran teams at both companies and more recently at SEI as director of product development.