Subprime claims new victim: German firm shuts fund to stop investors from taking out cash
Article Abstract:
German fund manager Frankfurt-Trust has temporarily closed its FT ABS-Plus fund to prevent investors from withdrawing more money. Frankfurt-Trust has become yet another European firm affected by the US subprime mortgage crisis. Although Frankfurt-Trust has not invested in subprime loans, it owns securitized assets and is therefore exposed to credit markets.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
User Contributions:
Comment about this article or add new information about this topic:
Enterprise raises $833 million for latest corporate-buyout fund
Article Abstract:
Enterprise Investors of Poland has raised $833 million (658 million Euros) for a new private equity fund. The investment company is looking for corporate buyouts in Central Europe. Corporate buyouts are a trend that is growing in emerging European economies.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2006
User Contributions:
Comment about this article or add new information about this topic:
Wheelock's net declines 40%
Article Abstract:
Wheelock and Co. posted a decline of 40% in its net profits for the year ending March 31, 2001. The company posted HK$516.6 million (76.9 million million euros) in net profits for the year.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2001
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Tourism industry woos Indians as budgets and interest grow. Trading ban roils Bombay. Hindustan Lever conquered market one sachet at a time
- Abstracts: Societe Generale's net profit sinks. Societe Generale posts strong profit
- Abstracts: Credit Lyonnais net climbs despite signs of slowdown. Credit Lyonnais earnings slide 14%. Credit Lyonnais posts 1.2% growth in 3rd-quarter net
- Abstracts: Maxis and Regional Wireless bid to buy MobileOne. SingTel takes the light touch. Quiet approach on PCCW
- Abstracts: Tingyi's bonds may appeal to strong stomached investors. Guaranteed-return funds catch on in Asia. Open that convertible