Rumours that one large US instit has MM fund problems have been denied

Discussion in 'Index Futures' started by dfuller33, Feb 13, 2008.

  1. Legg Mason Says No Money-Market Funds Have Fallen Below $1 NAV
    2008-02-13 11:53 (New York)

    By Sree Vidya Bhaktavatsalam
    Feb. 13 (Bloomberg) -- Legg Mason Inc., denying market
    speculation, said none of its money-market funds fell to less
    than $1 in net asset value.
    ``None of the Legg Mason money-market funds have broken the
    buck at all,'' Mary Athridge, a spokeswoman for Baltimore-based
    Legg Mason, said today in an interview.