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Latest Subprime Victims – Certainly More to Come

June 29th, 2007 by Stephen Roman

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.

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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