(Bloomberg) -- Absolute Capital Group Ltd., an
Australian hedge fund that invests in collateralized debt
obligations, suspended withdrawals from two of its funds after
forecasting they may lose as much as 6 percent this month.
The firm froze its Yield Strategies Fund and Yield
Strategies Fund NZD, which together have about A$200 million
($177 million) in investments, according to a statement on its
Web site.
Read more at Bloomberg Bonds News
Australian hedge fund that invests in collateralized debt
obligations, suspended withdrawals from two of its funds after
forecasting they may lose as much as 6 percent this month.
The firm froze its Yield Strategies Fund and Yield
Strategies Fund NZD, which together have about A$200 million
($177 million) in investments, according to a statement on its
Web site.
Read more at Bloomberg Bonds News
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