(Bloomberg) -- Bear Stearns Cos., the biggest
broker for U.S. hedge funds, offered to provide $1.5 billion in
loans to help rescue a money-losing fund run by its asset-
management unit, a person familiar with the situation said.
The plan calls for New York-based Bear Stearns to provide
the money only if some of the hedge fund's creditors, which
include Merrill Lynch & Co. and JPMorgan Chase & Co., inject
$500 million of cash into the fund, said the person, who
declined to be named because the negotiations aren't public.
Read more at Bloomberg Bonds News
broker for U.S. hedge funds, offered to provide $1.5 billion in
loans to help rescue a money-losing fund run by its asset-
management unit, a person familiar with the situation said.
The plan calls for New York-based Bear Stearns to provide
the money only if some of the hedge fund's creditors, which
include Merrill Lynch & Co. and JPMorgan Chase & Co., inject
$500 million of cash into the fund, said the person, who
declined to be named because the negotiations aren't public.
Read more at Bloomberg Bonds News
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