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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