Wall Street Journal writes "How Turmoil Melted a Money Fund"

Dec 29 07

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."

Email This Article




Use a comma or a semicolon to separate

captcha image

Daily Link Archive

2024 2023 2022
March December December
February November November
January October October
September September
August August
July July
June June
May May
April April
March March
February February
January January
2021 2020 2019
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2018 2017 2016
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2015 2014 2013
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2012 2011 2010
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2009 2008 2007
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2006
December
November
October
September