Our esteemed captain was NILS chief Dick Blandy, renowned for his innovative field placing. Other members of the team were Garry Goddard, now Deputy Under Treasurer in South Australia. Meredith Baker also made the odd cameo appearance.
Investors worried about losses at a money fund may feel some incentive to be among the first to withdraw from the fund, before it breaks the buck or puts up redemption gates in the face of large outflows. The shortening of maturities in the commercial paper market was similarly reminiscent of the GFC.