The Wall Street Journal writes "​How Turmoil Melted a Money Fund", which discusses how Credit Suisse Prime Institutional Money Market Fund Prime grew from $​1 billion to $​25 billion and back down to $​10 billion. The piece says, "While money funds at several U.​S. banks have been hit with similar losses, the Credit Suisse fund has suffered the most dramatic investor outflows. One reason: Other funds had more-​stable investor bases anchored by longtime individual customers." It quotes our Peter Crane, "Credit Suisse was the only money-​fund family to see significant outflows during the recent turmoil."

Your Name:
Your Email:
Recipient Email(s):

Use a comma or a semicolon to separate

Please retype symbols from the image:

Optional Message

Daily Link Archive