"How Much Is a Fund Really Worth?" asks The Wall Street Journal

Dec 08 07

"How Much Is a Fund Really Worth?" asks The Wall Street Journal. The piece discusses recent market turmoil and money funds' use of amortized cost accounting (vs. mark-to-market). "While regulators and boards of directors overseeing money funds are kept up to speed on the actual prices of portfolio holdings, investors are allowed to be kept in the dark," claims the Journal.

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