NEW YORK Sentinel, a money market mutual fund
firm for commodities, has asked the U.S. Commodities Futures
Trading Commission to allow it to halt client redemptions until
it can conduct them in an orderly fashion, CNBC television
reported on Tuesday.
"We had previously thought the market would return to some
semblance of order and that our clients would not join in the
panic," Sentinel wrote in a letter to clients CNBC said it had
obtained. "Unfortunately this has not been the case."
Sentinel officials were not immediately available for
(Reporting by Christian Plumb, Joseph A. Giannone and Mike