(Reuters) - Both funds suffered big losses after making bad bets in repackaged subprime mortgage loans, a market that headed south when default rates started rising.
The Enhanced Leverage fund said in May that it was down 6.5 percent in April, but on June 7 said its April loss was actually 18.97 percent, BusinessWeek said. It did not provide a reason for the discrepancy.
Read more at Reuters.com Mergers News
The Enhanced Leverage fund said in May that it was down 6.5 percent in April, but on June 7 said its April loss was actually 18.97 percent, BusinessWeek said. It did not provide a reason for the discrepancy.
Read more at Reuters.com Mergers News
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