News
ING shuts out investors as CDO losses mount
Thursday 13th of March 2008
The move comes in the wake of similar bad news from the Absolute Capital, ABN Amro, Macquarie, Basis Capital and New Zealand Funds Management, which have all faced serious losses in collateralised debt obligation (CDO) products.However, the two ING CDO-related funds dwarfed these comparable products having collectively raised about $850 million from New Zealand investors.
Together the...
Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.
3 min read