The $600 million in new assets that Horizon Cash Management captured in the third quarter could be a sign of things to come for the Chicago company and other cash managers.

Pauline Modjeski, Horizon president, said institutional investors such as mutual funds, hedge funds, managed futures funds and family offices are looking more closely at alternatives to the passive investment vehicles that they have previously used following the demise of Reserve's Primary Fund on Sept. 15th.

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