{"id":7256,"date":"2008-03-06T00:00:00","date_gmt":"2008-03-06T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"ubs-may-have-dumped-24-billion-alt-a-portfolio-analyst-says","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2008\/ubs-may-have-dumped-24-billion-alt-a-portfolio-analyst-says.html","title":{"rendered":"UBS May Have Dumped $24 Billion Alt-A Portfolio, Analyst Says"},"content":{"rendered":"<p>CNNMoney.com- UBS may have sold a portfolio of Alt-A securities worth 25 billion Swiss francs ($24.1 billion), according to an analyst at J.P. Morgan. <\/p>\n<p>UBS was &quot;highly likely&quot; to have sold the securities in a fire sale, according to J.P. Morgan analyst Kian Abouhossein, noting press speculation on the subject. <\/p>\n<p>&quot;We see the speculated level of 70 cents on the dollar as realistic in a fire sale,&quot; he said in a note to clients on Thursday, adding the current market price is probably 84 cents on the dollar. <\/p>\n<p>His note came amid published reports that UBS sold its entire portfolio to Pimco, the bond-house giant of German insurer Allianz. <\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/money.cnn.com\/news\/newsfeeds\/articles\/djhighlights\/200803060513DOWJONESDJONLINE000554.htm\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CNNMoney.com- UBS may have sold a portfolio of Alt-A securities worth 25 billion Swiss francs ($24.1 billion), according to an analyst at J.P. Morgan. UBS was &quot;highly likely&quot; to have sold the securities in a fire sale, according to J.P. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-7256","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7256","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=7256"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7256\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=7256"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=7256"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=7256"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}