MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, September 25, 2008 WSJ Spotlights Brokerages' Money Fund Actions Thursday's WSJ Fund Track covers Wednesday's move by TD Ameritrade to make investors who lost money in the Reserve's Primary Fund whole once more. The company said it would kick in $50 million of its own money so that investors would not have to eat the losses. The column, by Shefali Anand and Kara Scannell, also reports on a similar move made by Ameriprise hours later. Ameriprise is committing $33 million to negate losses by its clients. For the full story on the the death of the Reserve and its Primary Fund, see MFWire's timeline. Printed from: MFWire.com/story.asp?s=19436 Copyright 2008, InvestmentWires, Inc. All Rights Reserved |