| 04.08.2008 Opalesque Exclusive: How will the Merrill Lynch CDO sale effect hedge funds holding the same securities? The valuation questions |
| From Kirsten Bischoff, Opalesque New York: “On July 28, 2008 Merrill Lynch agreed to sell $30.6bln gross notional amount of US super senior ABS CDAs to an affiliate of Lone Star Funds for a purchase price of $6.7bln.” With this announcement (Source) Merrill Lynch vastly decreased the value of its holdings in these securities. Reactions to the sale included speculation on whether or not this act |
| Article source: http://www.nypost.com/seven/08012008/business/lehman_shopping_mortgage_securities_122558.htm - Opalesque is not responsible for the content of external internet sites |