Current news for this fund:
Macquarie Fortress Investments Ltd. - US MBS with subprime exposure
2007-08-01
Count of distinct funds: 1
Comment on this article | Subscribe by email! 
stories: bloomberg.com
The Australian bank's $873m worth of funds "may lose up to 25%" and the outfit is being forced to sell assets to meet redemptions. Also noteworthy:
Fortress uses leverage of 4.5 to 6.5 times and allows individual investors with as little as A$5,140 ($4,350) to spend to buy the notes.
Gotta love the notion of a mutual fund run like a hedge fund.
permalink to this record | forum thread
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.
Important: This fund is on our list of hedge funds that are apparently ailing or which we think are worth watching for any other reason. Ailing funds haven't shut down, but they've suffered significant value declines and/or temporarily halted redemptions. Funds on watch may not even have unusual declines, but may be posted if it is felt there may be risk of developing a more serious condition eventually.