Who Manages Money Market Funds?
Money market funds are managed by an array of investment firms. Some of these firms are large, well known giants, such as JP MorganChase. Others are smaller funds managed by individual investors and their firms. These management firms are paid based on the performance of their account. While money market funds are all invested in essentially the same areas of finance, they differ greatly in their operations. Some will specialize in more bank securities, while others may focus their investment capital on Federal Government bonds.