(Reuters) - SYDNEY, July 26 - A second Australian hedge fund
has been hit by the crisis in the U.S. subprime mortgage
market, suspending withdrawals from two funds to avoid a fire
sale in a market deserted by buyers.
Sydney-based Absolute Capital, half-owned by Dutch bank ABN
AMRO , said it temporarily closed two funds with a
combined A$200 million in assets because it was
tough to offload investments in collateralised debt obligations
.
Read more at Reuters.com Bonds News
has been hit by the crisis in the U.S. subprime mortgage
market, suspending withdrawals from two funds to avoid a fire
sale in a market deserted by buyers.
Sydney-based Absolute Capital, half-owned by Dutch bank ABN
AMRO , said it temporarily closed two funds with a
combined A$200 million in assets because it was
tough to offload investments in collateralised debt obligations
.
Read more at Reuters.com Bonds News
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