Excess Returns
We Asked Fidelity's Ex-President What Made Peter Lynch Great - and Where Private Credit Risk Hides
What was said
we're able to get the SEC to say that if somebody like JP Morgan would issue a put on a high-quality bond and that we could put it to them every 60 days, that would count for a money market fund. So we were able to consolidate the fixed income bonds and the money market funds in one place