Friday, Jun 22, 2007
fund had borrowed at least $6 billion in additional capital from a dozen Wall Street lenders,
nakedcapitalism: Troubled Bear Stearns Hedge Fund May Be Liquidating
Built on about $600 million in investor capital, $40 million of which came from Bear and a group of firm executives, the fund had borrowed at least $6 billion in additional capital from a dozen Wall Street lenders, say people familiar with the matter, including Merrill, Goldman Sachs Group Inc., Bank of America Corp. and Deutsche Bank AG. It was run by Bear executives alongside a larger sister fund with relatively little borrowed capital.
Posted by out of control speculators @ 04:25 PM (147 views) Add Comment
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