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 |
|
Wednesday, September 17, 2008 Russell, Wachovia to Shore Up Money Funds with Lehman Exposure Moves by Russell Investments and Evergreen Investment parent Wachovia Corp. to shore up money market funds with exposure to Lehman Brothers Holdings are the focus of Wednesday's Wall Street Journal Fund Track by Daisy Maxey. Russell Investments and its parent, Northwestern Mutual Life Insurance Co. will support the value of the Lehman credit held in two money funds, the Russell Investment Co. Money Market Fund and the Russell Trust Co. Short Term Investment Fund. Meanwhile, Wachovia has entered into support agreements with Evergreen Money Market Fund, Evergreen Institutional Money Market Fund and Evergreen Prime Cash Management Fund. Printed from: MFWire.com/story.asp?s=19340 Copyright 2008, InvestmentWires, Inc. All Rights Reserved |