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KM Financial Solutions | Northern Trust prime money fund falls below 30% liquidity threshold
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Northern Trust prime money fund falls below 30% liquidity threshold

22 Mar Northern Trust prime money fund falls below 30% liquidity threshold

Posted at 15:40h in News by
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Liquidity at a $2.2 billion
prime money-market fund run by Northern Trust Corp fell
below the 30% U.S. regulatory threshold twice last week, a sign
that its buffer for quickly converting assets into cash to meet
investors redemptions was wearing thin.

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