BNY Institutional Cash Reserves, a $22 billion fund, fell to $0.991 a share on Sept. 16.
“[We have] isolated the Lehman assets in the fund into a separate structure,” Ivan Royle, a spokesman for BNY Mellon.
18 September 2008 in regular
BNY Institutional Cash Reserves, a $22 billion fund, fell to $0.991 a share on Sept. 16.
“[We have] isolated the Lehman assets in the fund into a separate structure,” Ivan Royle, a spokesman for BNY Mellon.

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