"Money funds get bailouts to stem run"

Nov 19 07

"Money funds get bailouts to stem run: 'Enhanced cash' suffers big drains" writes FinancialWeek. The article reviews the GE Enhanced Cash Trust price decline, outflows in "enhanced cash" funds, and some bailouts in money market funds. "With enhanced-cash, Libor-plus and ultrashort bond funds, a few bad apples may ruin the party for everybody. This is a serious blow to the asset segment," it quotes Peter G. Crane.

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