(Bloomberg) -- Cambridge Place Investment
Management LLP, a London-based asset manager, said it will close
its money-losing Caliber Global Investment Ltd. fund after
losses on subprime mortgage debt.
Caliber will sell assets and shut the fund within a year,
the company said in a Regulatory News Service statement today.
The fund, which in March had $908 million of investments,
reported an $8.8 million second-quarter loss on May 18.
Read more at Bloomberg Bonds News
Management LLP, a London-based asset manager, said it will close
its money-losing Caliber Global Investment Ltd. fund after
losses on subprime mortgage debt.
Caliber will sell assets and shut the fund within a year,
the company said in a Regulatory News Service statement today.
The fund, which in March had $908 million of investments,
reported an $8.8 million second-quarter loss on May 18.
Read more at Bloomberg Bonds News
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