Monday, June 25, 2007

Cheyne Capital Fund Loses Net 67.7 Million Euros in Subprime Slump

(Bloomberg) -- Queen's Walk Investment Ltd., a fund
run by London-based Cheyne Capital Management Ltd. that buys the
riskiest portions of bonds backed by mortgages, said it made a
net loss of 67.7 million euros ($91 million) in the year ending
March 31.

To contact the reporter on this story:
Neil Unmack in London at
nunmack@bloomberg.net


Read more at Bloomberg Bonds News

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