{"id":6219,"date":"2007-06-20T00:00:00","date_gmt":"2007-06-20T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"bear-stearns-hedge-funds-near-shutting-down","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/06\/2007\/bear-stearns-hedge-funds-near-shutting-down.html","title":{"rendered":"Bear Stearns Hedge Funds Near Shutting Down"},"content":{"rendered":"<p>  Reuters- Two Bear Stearns Cos. hedge funds that invested heavily in securities backed by subprime mortgage loans are close to being shut down as a rescue plan is falling apart, The Wall Street  Journal Online reported on Wednesday.<\/p>\n<p>  Merrill Lynch &amp; Co., one of the hedge funds&#8217; lenders, will move to seize collateral from the two funds and sell it, the Journal reported, citing unspecified documents.<\/p>\n<p>  Neither Merrill nor Bear Stearns were immediately available to comment on the report.<\/p>\n<p>  The struggling Bear Stearns High-Grade Structured Credit Strategies Enhanced Leverage Fund suffered 23 percent losses through April, amid money-losing investments in subprime mortgages, and faced  demands from creditors to post additional collateral.<a href=\"http:\/\/us.rd.yahoo.com\/dailynews\/rss\/business\/*http:\/\/news.yahoo.com\/s\/nm\/20070620\/bs_nm\/subprime_bearstearns_dc\"><\/a><\/p>\n<p>  <strong><a href=\"http:\/\/us.rd.yahoo.com\/dailynews\/rss\/business\/*http:\/\/news.yahoo.com\/s\/nm\/20070620\/bs_nm\/subprime_bearstearns_dc\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters- Two Bear Stearns Cos. hedge funds that invested heavily in securities backed by subprime mortgage loans are close to being shut down as a rescue plan is falling apart, The Wall Street Journal Online reported on Wednesday. Merrill Lynch [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-6219","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6219","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=6219"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6219\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=6219"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=6219"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=6219"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}