GE sees no impact on results from fund redemptions

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BOSTON, Nov 15 (Reuters) General Electric Co sees ''no impact'' to fourth quarter or full-year results after some outside investors liquidated their holdings in a fund operated by GE Asset Management, the diversified manufacturers' money management arm, spokesman Russell Wilkerson said on Thursday.

''This has no impact on operations,'' Wilkerson said of the redemptions of about 10 outside investors.

The fund in question, the GEAM Trust Enhanced Cash Fund, now has about billion in assets, down from .6 billion when GE gave outside investors the chance to cash in their investments at 96 cents on the dollar, he said.

GE's asset management arm oversees the company's billion in pension funds.


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