(Bloomberg) -- Oddo & Cie, a French stockbroker and
money manager, plans to close three funds totaling 1 billion
euros ($1.37 billion), citing the ``unprecedented'' crisis in
the U.S. asset-backed securities market.
Oddo said it will wind down the funds within the ``shortest
possible time frame'' after struggling to value holdings of
collateralized debt obligations, notes backed by other bonds,
loans and their derivatives.
Read more at Bloomberg Bonds News
money manager, plans to close three funds totaling 1 billion
euros ($1.37 billion), citing the ``unprecedented'' crisis in
the U.S. asset-backed securities market.
Oddo said it will wind down the funds within the ``shortest
possible time frame'' after struggling to value holdings of
collateralized debt obligations, notes backed by other bonds,
loans and their derivatives.
Read more at Bloomberg Bonds News
No comments:
Post a Comment