Clayton Moore's Money Fund. Clayton Moore is the manager of an international money market fund managed out of London.Unlike many money funds that guarantee their investors a near risk$-$free investment with variable interest earnings, Clayton Moore's fund is a very aggressive fund that searches out relatively high$-$interest earnings around the globe, but at some risk. The fund is pound$-$denominated. Clayton is currently evaluating a rather interesting opportunity in Malaysia. Since the Asian Crisis of $1997,$ the Malaysian government enforced a number of currency and capital restrictions to protect and preserve the value of the Malaysian ringgit. The ringgit was fixed to the U$.$S$.$ dollar at RM$3\mathrm{.}80/$$ for seven years. In $2005,$ the Malaysian government allowed the currency to float against several major currencies. The current spot rate today is RM$3\mathrm{.}13481/$$$.$ Local currency time deposits of $180-$day maturities are earning $8\mathrm{.}902\%$ per annum. The London eurocurrency market for pounds is yielding $4\mathrm{.}197\%$ per annum on similar $180-$day maturities. The current spot rate on the British pound is $$\frac{1\mathrm{.}5825}{},$ and the $180-$day forward rate is $$\frac{1\mathrm{.}5556}{}.$ The initial investment is $1,175,000\mathrm{.}00$ :