| 12.09.2007 Wharton Y2K Finance fund suspends redemptions, Avendis collapses, Opalesque Exclusive: Investors have known about Avendis for a while, Hank Paulson: No quick end to turmoil, Washington calls credit agencies for special meeting, SEC sets up four enforcement groups, one to focus on subprime |
| Wharton Y2K Finance fund suspends redemptions, Avendis collapses
From the FT: Hedge funds investing in structured finance took another hit on Tuesday when it emerged that the flagship fund of London’s Wharton Asset Management had lost a quarter of its money in one month and a small Swiss-run fund had collapsed. Wharton’s Y2K Finance fund said on Tuesday it was suspending calculation of asset |
| Article source: http://www.ft.com/cms/s/0/f11c6c2a-60c7-11dc-8ec0-0000779fd2ac.html - Opalesque is not responsible for the content of external internet sites |