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Rating:More Trouble for Money Market Funds Not Rated 3.0 Email Routing List Email & Route  Print Print
Friday, November 16, 2007

More Trouble for Money Market Funds

by: Erin Kello

Another money market fund is in danger of "breaking the buck," Shefali Anand reports in today's WSJ FundTrack. The First American Prime Obligations Fund offered by FAF Advisors, a unit of U.S. Bancorp, recently sold some of its troubled holdings to an affiliate. Other companies that have recently had troubles in their money-market funds include: Columbia Management, Credit Suisse Asset Management, SEI Investments, and Evergreen Investments.  

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