Tuesday, June 19, 2007

Bear Stearns hedge funds near shutting down-WSJ

(Reuters) - Neither Merrill nor Bear Stearns were immediately available
to comment on the report.




The struggling Bear Stearns High-Grade Structured Credit
Strategies Enhanced Leverage Fund suffered 23 percent losses
through April, amid money-losing investments in subprime
mortgages, and faced demands from creditors to post additional
collateral.


Read more at Reuters.com Bonds News

No comments: