GE money fund
Posted: Wed Nov 14, 2007 6:47 pmThis should wake some people up:
GE money fund redeeming 96 cts on dollar-Barron's
NEW YORK, Nov 14 (Reuters) - A $5 billion money market fund run by General Electric Co's (GE.N: Quote, Profile, Research) asset management unit is offering investors an option to redeem their holdings at 96 cents on the dollar, Barron's Online reported on Wednesday, becoming the latest casualty of turmoil in U.S. mortgage and credit markets.
Full article from Reuters: http://www.reuters.com/article/bondsNew ... 9920071114
GE money fund redeeming 96 cts on dollar-Barron's
NEW YORK, Nov 14 (Reuters) - A $5 billion money market fund run by General Electric Co's (GE.N: Quote, Profile, Research) asset management unit is offering investors an option to redeem their holdings at 96 cents on the dollar, Barron's Online reported on Wednesday, becoming the latest casualty of turmoil in U.S. mortgage and credit markets.
Full article from Reuters: http://www.reuters.com/article/bondsNew ... 9920071114