The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
Tuesday, October 30, 2007|
Sub-Prime Flu Spreading to Money Market Funds?
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.
Printed from: MFWire.com/story.asp?s=16263
Copyright 2007, InvestmentWires, Inc.
All Rights Reserved