Latest Subprime Victims - Certainly More to Come
From Yahoo:
The turmoil in the global credit markets claimed another victim on Thursday as Caliber Global Investment, a London-listed fund, said it would sell its assets and return capital to investors following losses related to risky US subprime mortgages.
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Also on Thursday, Carlyle Group, the US private equity company, delayed at the last minute the flotation in Amsterdam of an investment fund dealing in residential mortgage-backed securities in order to cut the offer price because of market volatility.
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Posted: June 29th, 2007 under General, hedge funds.
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