Mixing Durian and Alcohol

Mutual fund bonds have been hit by a tidal wave of withdrawals.

November 25, 2003

THE events of two weeks ago have not changed what is being referred to as all but the end of the world for the investment managers at PT MeesPierson Finas Investment Management. At that time, investors in several of the mutual funds that the company manages, especially fixed-income bonds, all rushed to withdraw the money they had invested.

This all took place in the space of only a few days, but even so, trillions of rupiah ended up instantl

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