As we enter the second decade of the new century, the world financial system has just emerged from a near death experience and embarked on a new journey of redefining itself. Having witnessed the subprime meltdown, the bankruptcy of Lehman Brothers, and the collapse of the Reserve Primary money market fund, corporate cash investment professionals are faced with the same task of redefining their investment choices, strategies and expectations. This paper attempts to point out several recent developments that will likely shape the new cash investment landscape for years to come.

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