North America – Treasury to name up to 9 managers for toxic-asset plan, Morgan Stanley may post loss after paying back U.S., Tally hits 52 as regulators close 7 more banks
Treasury to name up to 9 managers for toxic-asset plan
From Reuters.com: The Treasury Department is expected to name as many as nine fund managers to operate the long-awaited Public-Private Investment Program (PPIP) to cleanse banks of toxic assets, a person familiar with the plan said on Wednesday. ... Full article: Source
See this week’s Opalesque Exclusive on PPIP:
New York Roundtable: HF managers are...
Not a member yet? Get Instant Access *
Why register?
Since 2003, Opalesque publishes news and research for finance professionals and investors. Some of this material is not directed at the retail public, therefore registration is required.
From the Opalesque team:
Paris-based Algodeal, a quant platform founded by IT professionals Benjamin Filippi (formerly at Lehman) and Jean-Christophe Allemand (formerly at Newedge), will launch its first fund towards the end of 2Q1