(Reuters) - NEW YORK, June 27 - Bear Stearns Cos. Inc.
has decided it will take more than one veteran to
untangle the big mess at two hedge funds that invested heavily
in subprime mortgages.
Looking for a trouble-shooter, the investment bank has
turned to Thomas Marano, head of the firm's mortgage department
and an expert in specialized mortgage securities, a source
familiar with the funds disclosed on Tuesday. Marano's mandate
is to help Ralph Cioffi, the current manager, put one of the
funds back on its feet.
Read more at Reuters.com Bonds News
has decided it will take more than one veteran to
untangle the big mess at two hedge funds that invested heavily
in subprime mortgages.
Looking for a trouble-shooter, the investment bank has
turned to Thomas Marano, head of the firm's mortgage department
and an expert in specialized mortgage securities, a source
familiar with the funds disclosed on Tuesday. Marano's mandate
is to help Ralph Cioffi, the current manager, put one of the
funds back on its feet.
Read more at Reuters.com Bonds News
No comments:
Post a Comment