(Reuters) - Everquest is a Cayman Islands-registered business jointly run by Bear Stearns Asset Management and Stone Tower Capital LLC, a hedge fund firm specializing in debt. Everquest manages a portfolio of collateralized debt obligations, or CDOs, which are themselves packages of corporate loans, asset-backed securities and securities issued by other CDOs.
Everquest, which held $720 million of CDOs and other assets at the end of last year, filed plans on May 9 for an IPO. But the transaction immediately came under fire from critics who said the firm's close ties to Bear Stearns would lead to conflicts of interest.
Read more at Reuters.com Bonds News
Everquest, which held $720 million of CDOs and other assets at the end of last year, filed plans on May 9 for an IPO. But the transaction immediately came under fire from critics who said the firm's close ties to Bear Stearns would lead to conflicts of interest.
Read more at Reuters.com Bonds News
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