A lucky break for Penn's finances
Some schools have been left in the lurch after Wachovia's announcement last week that it would freeze $9.3 billion in funds for nearly 1,000 colleges and universities across the country, but Penn will not be one of them. Wachovia had been managing a short-term cash fund for the management firm Commonfund, but froze the account last week after resigning its position as a trustee.










