(Bloomberg) -- Bear Stearns Cos. may put up only
$1.6 billion to rescue one of its money-losing hedge funds, half
as much as it offered last week, according to two people with
knowledge of the situation.
The size of the bailout dropped after the Bear Stearns High-
Grade Structured Credit Fund found buyers for some assets and
creditors sold others, said the people, who declined to be
identified because they aren't authorized to comment for the
firm. Bear Stearns, the biggest U.S. broker to hedge funds, said
June 22 it would assume $3.2 billion of loans to prevent lenders
from liquidating assets.
Read more at Bloomberg Bonds News
$1.6 billion to rescue one of its money-losing hedge funds, half
as much as it offered last week, according to two people with
knowledge of the situation.
The size of the bailout dropped after the Bear Stearns High-
Grade Structured Credit Fund found buyers for some assets and
creditors sold others, said the people, who declined to be
identified because they aren't authorized to comment for the
firm. Bear Stearns, the biggest U.S. broker to hedge funds, said
June 22 it would assume $3.2 billion of loans to prevent lenders
from liquidating assets.
Read more at Bloomberg Bonds News
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