Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Court Approves an Overseer for Reserve Fund Distribution Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, November 10, 2008

Court Approves an Overseer for Reserve Fund Distribution

by: Armie Margaret Lee

Denis O'Connor of Alix Partners, a firm that provides corporate turnaround services and litigation consulting, will supervise the distribution of assets in Reserve Management Company's International Liquidity Fund, Dow Jones reports.

For the full story on the the death of the Reserve and its Primary Fund, see MFWire's timeline.

New York State Supreme Court Justice Barbara Kapnick approved O'Connor's appointment on Friday. O'Connor will put together a report for the court by December 8 containing details about the fund's assets, transfers and redemption requests.

Roger Netzer, a lawyer for the international fund, said two weeks ago that it intends to distribute $854 million in cash it holds within the next month.

The fund is regulated by British Virgin Island authorities. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use