| 翻訳と辞書 |
| Reserve Primary Fund ： ウィキペディア英語版 |
Reserve Primary Fund
The Reserve Primary Fund was a large money market mutual fund.
On September 16, 2008, during the Global financial crisis of September–October, 2008, it lowered its share price below $1 ("breaking the buck") because of exposure to Lehman Brothers debt securities. This resulted in demands from investors to return their funds as the financial crisis mounted.〔
("Money Market Funds Enter a World of Risk" ) article by Tara Siegel Bernard in ''The New York Times September 17, 2008
〕 Normally, the net asset value of money market funds is kept at $1.
The Reserve had multiple other funds frozen because of this failure. It has liquidated a few funds, and post periodic updates about plans to liquidate other funds on their website.
As of October 27, 2009, more than $3.5 billion sat in the Primary fund, most in a special reserve held aside to be used for costs and expenses, including legal fees.〔(Attorney: Court Order On Primary Fund's Unwinding Days Away )〕
In November 2009, a U.S. district judge ordered the fund to make pro-rata distribution of almost all remaining assets to shareholders.〔(Reserve Primary Fund Ordered to Make Pro-Rata Payout (Update2) )〕 As of December 2014, the fund had paid out 99.1 cents per share.〔(Primary Fund-In Liquidation Update, Federal Court Approves Final Distribution, September 23, 2014 )〕
==External links==
*(Reserve Fund website )
*("Fund Update tax reporting", December 14, 2011 )
*(Reserve Fund website )
*("The Primary Fund-In Liquidation, The Yield Plus Fund-In Liquidation" )
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
■ウィキペディアで「Reserve Primary Fund」の詳細全文を読む
スポンサード リンク
| 翻訳と辞書 : 翻訳のためのインターネットリソース |
Copyright(C) kotoba.ne.jp 1997-2016. All Rights Reserved.
|
|