Losses this quarter in a big money market mutual fund. managed by a unit of BankAmerica Corp. rocked the small firm that administers the banking company's mutual funds.

The company, Concord Holding Corp., New York, has warned that because of a decline in assets under administration and fees it will incur an unexpected loss of 2 to 3 cents per share in the quarter ending June 30.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.