The $40 billion Reserve Primary Money Market Fund that broke the buck is liquidating and its investors are slowly getting their money back. To date, about 30% of invested money has been returned.

The timing of the disbursement of the remaining funds is unclear. It's also unclear how much of their investment will be returned.

For a supposedly liquid, cash investment this must be a nightmare to investors and has some similarities to the problems faced with auction rate securities.

 

Submitted: Oct 1, 2008    Views: 246    Comments: 1    Likes: 1   


View Article: http://www.bloomberg.com/apps/news?pid=20601213&sid=a1vTYCRC7ET8&re...


Related Articles:



1

Email this story Email to someone | Print Story Print Content | Add to reading list

Comments Received:

Sol Nasisi
Sol_Nasisi

Actually, the money hasn't been disbursed yet. According to the article, 30-40% will be disbursed on Oct 13. It's unclear when the rest of the disbursements will be made as well as the size of them.

Posted: Oct 1, 2008



Add Your Comments:

Your Name:

Spam protection control:


Financial products of all nature bear inherent risks and this website is not a financial advisory service; it is a forum for users to share and to compare notes and observations on financial publications. The website provides, free of charge, the technical and logistical apparatus and the medium for users to share and to publish financial information and to comment on publications. As such, the website’s operator can not and does not take responsibility for information, observations or opinions of any sort or nature provided by third parties with whom it is not affiliated who use the website to publish, to comment or as a means of solicitation. Users are specifically warned against following any advice related to specific instruments, including, but not limited to, equity securities, that may be provided by other users directly on this site or on web pages to which other users have provided links on this site. BestCashCow.com can not and does not check or verify the qualifications and credentials of users who publish or comment on this site or on linked pages. Users should seek personalized advice from qualified professionals regarding all personal financial issues and evaluate the risks and applicability to their own circumstances of each financial product discussed regardless of who the publisher is or purports to be. Should you, through your use of this site, identify an individual or organization purporting to offer personalized advice, you bear all responsibility to ensure that the individual or organization has the qualifications that they may represent on the website, and that their advice is appropriate for your circumstances. On certain webpages, BestCashCow.com provides information related to rates on US-based savings accounts, CDs, short-term government bonds, and other US cash equivalent securities, also free of charge to internet users for their independent use. The accuracy of this information is not guaranteed, and the information, like all other information on this website, should not be construed to provide investment advice, nor to endorse a financial product of any sort.

© 2009 BestCashCow.com, LLC. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy.