Current news for this fund:
Caliber Global Investment - Subprime ABS
Count of distinct funds: 1
Caliber Global Investment, Ltd., a London-listed fund managed by Cambridge Place Investment Management is to be shutdown amidst losses related to their nearly billion dollars in mortgage assets ($908 million). On June 28th Bloomberg reported:
The Bloomberg article goes on to note that Caliber had reported a $9 million loss for Q1 operations but had not yet been subject to any margin calls. Notably, Deustche Bank purchased 11 percent of Caliber in March.
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Important: This fund is on our list of hedge funds that have "imploded" (see also ailing lenders). However, please note that "imploded" is a somewhat subjective. The "imploded" list contains hedge funds (or other unregulated and autonomous speculative investment funds) which have gone through some sort of permanent adverse change. This is a somewhat subjective call, and does not necessarily mean total shutdown or bankruptcy. It can also mean steep and rapid mark-downs in net asset value; or abnormal "bail-out" by corporate parents or peers in order to avoid write-downs and provide liquidity. The funds are of any type and sector.