Tuesday's announcement by The Reserve
that it would not be able to meet a self imposed deadline for returning money to investors in its Primary Fund
gets coverage in Wednesday's WSJ Fund Track
penned by Daisey Maxey
Also covered in Wednesday's Fund Track is a suit filed October 6 by two shareholders in the Reserve's International Liquidity Fund
. The action by Caxton International Ltd.
and Caxton Equity Growth Holdings LP
, has temporarily frozen redemptions from that fund. Caxon asks that a receiver be appointed to perform accounting on fund's daily NAV from September 12 through the present.
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