$60 billion redemption requested from "The Reserve" money market fund...

Discussion in 'Trading' started by simon1080, Sep 20, 2008.

  1. $60 out of $62 billion dollars has been requested to be pulled out of this hedge fund.

    http://www.cnbc.com/id/26803296


    haller at your boy.
    Thats like 95% !


    This is just the start.

    Yes indeed.. with all this fear looming this market is crashing folks one way or the other!
     
  2. Q12

    Q12

    That's old news... and it was a money market fund (not a hedge fund). In fact, one of the first money market funds created (1970, I believe).
     
  3. Perhaps the fund would be better named 'The Reverse'.