layton​ 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​/$ for seven years. in​ 2005, the malaysian government allowed the currency to float against several major currencies. the current spot rate today is . local currency time deposits of​ 180-day maturities are earning ​% per annum. the london eurocurrency market for pounds is yielding ​% per annum on similar​ 180-day maturities. the current spot rate on the british pound is ​, and the​ 180-day forward rate is . the initial investment is .