This was an institutional MM Fund and did not take deposits from individuals. The minimum deposit was 10 million dollars. It turns out the fund had zero exposure to Lehman or AIG but somehow the word was spread it did. No one lost anyhting here as the fund did not “break the box”. The per share value remains at $1.00 per share.
“somehow the word was spread it did”
I think it’s time we started asking who triggered this claim and how this triggering event occurred. When did the rumor appear and who started it? What is the original event/trigger?