Amid the Securities and Exchange Commission's 2014 comprehensive overhaul of money market regulation, the Northern Funds Complex retained and gained assets. Our firm assisted Northern Trust Investments, investment adviser to the Northern Funds Complex, on strategic discussions and in restructuring the fund lineup to comply with the new regulations.
While many mutual fund groups suffered substantial losses or were liquidated in the wake of new money market fund regulations, Northern Funds was in the top 10 of all money market funds, as measured by assets, after the changes were completed.
