The Epic American Credit and Bond Bubble Laboratory Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: ldo79	6/20/2007 6:31:00 PM
	of 110194

Bank of America unwinds Bear hedge funds positions Wed Jun 20, 2007 6:21 PM ET NEW YORK, June 20 (Reuters) - Bank of America Corp. <BAC.N> has unwound its positions with two hedge funds managed by Bear Stearns Cos., <BSC.N>, a source close to the matter said. Unwinding its positions will allow Bank of America to close out its exposure to the hedge funds without selling the funds' assets on the open market. Goldman Sachs Group Inc. <GS.N> and JPMorgan Chase & Co. <JPM.N> entered similar agreements with the funds. Bank of America declined to comment. Bear Stearns was not immediately available for comment. tinyurl.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next