No se permiten retiros, se paga en "especie" a inversionistas.
SAN FRANCISCO (MarketWatch) -- Bank of America Corp. said Monday that it's shutting a $12 billion a money-market fund of sorts and halting cash withdrawals after losses from complex investments tied to the mortgage crisis.The so-called enhanced-cash fund, which was only offered privately to institutional investors, saw its net asset value dip below $1 recently. It closed at 99.42 on Friday.Big investors that want to redeem are being paid "in kind," which means they get their share of the fund's assets put into a separately managed account, according to Jon Goldstein, a spokesman for Bank of America.
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