Another Bear hedge fund on the rocks
A third Bear Stearns hedge fund is in trouble due to the subprime mortgage market, according to published reports.
A third Bear Stearns Cos. Inc. hedge fund is in trouble due to the subprime mortgage market, according to published reports.
The Bear Stearns Asset-Backed Securities Fund, valued at $850 million, has stopped investor redemptions and reported that it expected losses in July, the New York Times said.
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