CFTC Sentinel Management Pool Is NOT a Money Market Mutual Fund. CNBC reported Tuesday morning that Sentinel Management Group has asked the Commodities Futures Trading Commission (CFTC) to halted redemptions from its pooled accounts. The CNBC report erroneously identified the managed account as a money market mutual fund. It is not a money fund, and no money market mutual funds have halted redemptions, dropped in value or suffered any losses on any securities to date. Money funds do not appear to be in danger from recent market events, contrary to some reports, but we of course are watching events closely. CNBC also incorrectly labelled the Luxembourg-based AXA Libor Plus fund, which has declined in value, a money fund last Friday.

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