​ Columbia'​s Strategic Cash Liquidation Puts "​Enhanced Cash" in Headlines. A flurry of stories appeared today on Friday'​s temporary halt in redemptions and yesterday'​s announcement of plans to liquidate the Columbia Strategic Cash portfolio, formerly the largest entrant in the "​enhanced cash" sector. Once again, several media incorrectly identified the private placement bond fund as a "​money market fund" or "​cash" fund. Today'​s Wall Street Journal wrote, "​A $​34 Billion Cash Fund to Close Up". The New York Times wrote, "​Mortgage Crisis Forces the Closing of a Fund". Bloomberg'​s story was "​Bank of America to Liquidate $​12 Billion Cash Fund". Reuters offered "​Bank of America says closing enhanced cash fund". See Crane Data coverage -- Saturday'​s "​More Enhanced Cash Troubles: Columbia StratCash Halts Redemptions", yesterday'​s "​CNBC Gets It Wrong Again: Columbia Strategic Cash Not a Money Fund", and the new December issue of Money Fund Intelligence for more.

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