Getting your player ready...
BOSTON — The firm managing a money-market mutual fund that “broke the buck” last month said Thursday it is shutting down 15 more funds, with no promises when investors can expect money back or how much.
Reserve Management Corp. said fund trustees voted to liquidate the assets of the 14 funds, including Reserve’s $1 billion Yield Plus Fund, and 14 smaller Reserve money-market funds that invest mostly in local government debt.
