“In a reversal of industry practice, Goldman Sachs Group Inc. will begin disclosing the values of its money-market mutual funds daily rather than monthly, according to people familiar with the company’s plans. Some of the changes will take effect as early as Wednesday.
Experts said Goldman is the first big fund provider to publish daily values but that the move could force other firms in the $2.7 trillion industry to follow.
According to people familiar with Goldman’s thinking, the company is beefing up its disclosures to satisfy investors’ calls for greater transparency on fluctuations in the price of their investments. Goldman is the eighth-largest U.S. money-fund firm, with $133 billion in assets under management, according to research firm Crane Data LLC.”
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