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Corporate & Securities Law

: Representing Investors

Liquidated Commonfund Creates Severe Financial Dilemmas for Colleges

By Keith Griffin

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With the abrupt liquidation of the widely held short-term investment fund managed by Connecticut-based Commonfund, more than 1,000 colleges across the country suddenly confront serious financial problems. With Wachovia Corp. as trustee, the $9.3 billion Commonfund for Short Term Investments Fund basically provided colleges with a “checking account” out of which they could pay for [...]

Full post as published by Representing Investors on October 15, 2008 (boomark / email).

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