(Reuters) - The fund would pledge collateral against the $1.5 billion
from Bear Stearns, sources said.
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 Business News
from Bear Stearns, sources said.
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 Business News
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