The mortgage market woes appear to be hitting money market funds now, too. The Boston Globe
's Ross Kerber reports that some big money market funds could be facing losses thanks to sub-prime holdings in "structured investment vehicles" they hold stakes in. Wachovia
already revealed a $40 million money-market loss at Evergreen
, and Kerber writes that Fidelity
and BofA's Columbia
also have significant SIV investments in their money market funds.
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