Directors of the Butterfield Liquid Reserve Fund Ltd - where investors’ money has been trapped for 18 months - have called a special general meeting of shareholders for February 8.The fund, which is managed by Butterfield Asset Management Ltd was badly affected by the global financial crisis and suspended redemptions in June 2009.The meeting, which will take place on the fifth floor of the Butterfield Bank building at 65 Front Street and will start at 10.30am, was announced in a statement through the Bermuda Stock Exchange yesterday. An agenda and a letter explaining some changes to the fund has been mailed to shareholders.At the time it was frozen, the fund had around $38.6 million in assets, having fallen dramatically from its peak net asset value of $562 million at the end of October 2006.The fund, which was formed in April 1995, had the objective of making higher returns than a money-market fund.It invested mainly in corporate floating and fixed-rate securities, but its problems stemmed from investments in three asset classes that were badly hit by the crisis. These were asset-backed securities (ABS), mortgage-backed securities (MBS) and a collateralised debt obligation (CDO).