(Bloomberg) -- Basis Capital Fund Management Ltd.
appointed Blackstone Group LP to advise the company and negotiate
with banks after its hedge funds suffered losses on the rout in
the U.S. subprime mortgage market.
``Blackstone's role will include negotiating with investment
banks to prevent adverse pricing and selling of assets,'' Sydney-
based Basis Capital said in a statement today.
Read more at Bloomberg Bonds News
appointed Blackstone Group LP to advise the company and negotiate
with banks after its hedge funds suffered losses on the rout in
the U.S. subprime mortgage market.
``Blackstone's role will include negotiating with investment
banks to prevent adverse pricing and selling of assets,'' Sydney-
based Basis Capital said in a statement today.
Read more at Bloomberg Bonds News
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