is liquidating two of its distressed money market funds, Peter Eavis
and Susanne Craig
report in Thursday's WSJ FundTrack
. As part of the liquidation, Lehman will be putting $1 billion of the funds' assets on its balance sheet. Lehman declined to tell Eavis and Craig how much the assets in the funds had fallen. Lehman will also be liquidating an enhanced cash fund.
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