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bdc63
Schumpeter Reincarnate


Joined: 16 Feb 2007
Posts: 4392
Location: Maryland

Sentinel Money Market Fund seeks to halt redemptions
PostPosted: Tue Aug 14, 2007 3:48 pm Reply with quoteBack to top

Money Market Fund? Anybody still think this is contained (other than Bush and Bernanke?)

http://www.reuters.com/article.....8220070814

Sentinel management seeks to halt redemptions: report

NEW YORK (Reuters) - Sentinel, a money market mutual fund firm for commodities, has asked the U.S. Commodities Futures Trading Commission to allow it to halt client redemptions until it can conduct them in an orderly fashion, CNBC television reported on Tuesday.

"We had previously thought the market would return to some semblance of order and that our clients would not join in the panic," Sentinel wrote in a letter to clients CNBC said it had obtained. "Unfortunately this has not been the case."

Sentinel officials were not immediately available for comment.

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