More than five months after the bankruptcy of Lehman Brothers caused the Reserve Prime Fund to break the buck, a top exec is heading out. CIO Patrick Ledford confirmed to the MFWIre that he has left the Manhattan-based money fund firm..

Fund Action first reported the move, adding that Reserve has eliminated the separate position of chief investment officer.

A spokesman for the Reserve declined to comment for this story.

A 17-year veteran of Citigroup Asset Management, Ledford joined the Reserve as CIO in 2005.  

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