(Bloomberg) -- Bear Stearns Cos., manager of two
hedge funds that collapsed last month, halted redemptions from a
third fund after investors demanded their money back.
The fund had about $900 million invested in asset-backed
securities, including mortgage bonds, spokesman Russell Sherman
said in a telephone interview. The fund probably had losses in
July and was overwhelmed by redemption requests, Sherman said.
Read more at Bloomberg Bonds News
hedge funds that collapsed last month, halted redemptions from a
third fund after investors demanded their money back.
The fund had about $900 million invested in asset-backed
securities, including mortgage bonds, spokesman Russell Sherman
said in a telephone interview. The fund probably had losses in
July and was overwhelmed by redemption requests, Sherman said.
Read more at Bloomberg Bonds News
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