JPMorgan Chase

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Turnabout is Fair Play: Bear Stearns’ Subprime Fund Trouble 

Jun 18, 2007By

The Wall Street Journal is reporting that a troubled Bear Stearns’ hedge fund, the High-Grade Structured Credit Strategies Enhanced Leverage Fund, has received an extra day from investors to secure “bailout” funding (subscription req’d) intended to keep the fund afloat and prevent it from falling victim to margin calls.

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