(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.
The fund lost 1.67 euros per share and its net asset value
fell to 7.24 euros from 9.9 euros a year earlier, Queen's Walk
said in a Regulated News Service statement today. The fund
blamed the losses on ``significant developments'' in the U.S.
and U.K. mortgage markets, the statement said.
Read more at Bloomberg Bonds News
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.
The fund lost 1.67 euros per share and its net asset value
fell to 7.24 euros from 9.9 euros a year earlier, Queen's Walk
said in a Regulated News Service statement today. The fund
blamed the losses on ``significant developments'' in the U.S.
and U.K. mortgage markets, the statement said.
Read more at Bloomberg Bonds News
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