"Money Funds Show Holdings, Pledge Caution After Lehman Losses" writes Bloomberg's Chris Condon. Other Bloomberg coverage includes: "State Street, Federated Fall After Money-Fund Loss", which says, "The stocks dropped after BNY Mellon said a $22 billion institutional fund suffered losses on debt issued by bankrupt Lehman Brothers Holdings Inc. While not a money-market fund, BNY Mellon's $22 billion Institutional Cash Reserves was designed to work like one." (See also "BNY Mellon, Reserve Primary Rattle Fund Investors," and "U.S. Commercial Paper Market Falls Most This Year, and "Putnam Closes Money-Market Fund After Withdrawals"." Bloomberg's "BNY Mellon Cash Fund Hit by Losses From Lehman Debt" says, "BNY Mellon also entered into agreements with four of its Dreyfus money-market funds, including the $16.9 billion Cash Management Plus, saying it will support their net asset values."
