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Thursday, April 10, 2008

More Money Market Trouble

News summary by MFWire's editors

Lehman Brothers 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.  

Edited by: Erin Kello


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