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Regulators Scrutinize Bear Hedge Fund Redemption

Federal regulators are investigation whether Bear Stearns hedge fund managers withdrew money from the now bankrupt funds shortly before the funds froze investor redemptions. The Securities and Exchange Commission and United States Attorney are investigating reports that Ralph Cioffi, the Bear Stearns hedge fund manager, withdrew $2 million of his $6 million investment and invested […]

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Investors Suffer Losses in Morgan Keegan Bond Funds

Investors in various Morgan Keegan Bond Funds have suffered huge losses over recent months. Many of these Morgan Keegan Bond Funds have experienced losses in their net asset values of more than 50% since the beginning of 2007, most of these losses coming in the past five months. Specifically, the following Morgan Keegan Bond Funds […]

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Indiana Charity Files Arbitration Claims Against Bond Fund Advisor Over Sub-Prime Losses

Last week, an Indiana charity that “makes wishes come true” for children with life threatening illnesses filed arbitration claims over sub-prime related losses it allegedly suffered in a bond fund managed by Regions Morgan Keegan.  The Indiana Children’s Wish Find claimed that it lost $48,000 or 22% of its $220,000 investment in the Regions Morgan […]

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Continuing Subprime Woes: Issues With Short Term Money Market Funds

Columbia Management, a unit of Bank of America Corp., has closed its Strategic Cash Portfolio amid losses on asset-backed securities. According to the Wall Street Journal, the fund is currently valued at $12 billion, down from $40 billion just months ago. Bank of America closed this fund just weeks after announcing that it had set […]

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A $34 Billion Cash Fund to Close Up

Investors running for the exits have caused the closure of one of the largest U.S. short-term funds catering to institutional clients. Columbia Management is shutting its Columbia Strategic Cash Portfolio, it told clients late last week, after facing major withdrawal requests from large investors. The fund, which held $34 billion at the end of November, […]

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