Bear Stearns shutters asset-backed fund

Fri Jan 11, 2008

Bear Stearns Asset Management is closing a hedge fund that invested in asset-backed securities after that fund suffered steep losses.

It is the third fund in the past year that Bear Stearns has liquidated following similar declines. In June, Bear announced it was shuttering...

ISSN: 2151-1845 / CDC10004H

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