While not directly linked to Greensill's collapse, Mauritius-based Barak Fund Management has announced that is preparing to restructure its $1 billion money-pool of highly illiquid assets.Bloomberg reports that the fund is seeking investor approval to move ahead with a plan that involves spinning off illiquid holdings into separate vehicles for clients who want to hold on to their assets. The move follows the fund’s decision a year ago to freeze its money pool as some investments became trapped in a series of hard-to-sell assets across the continent of Africa.
Technology Stocks Back In the Lead: Are Inflation Fears Behind Us?
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The weaker-than-expected jobs report gave the stock market some direction,
a nice treat before the 150th Kentucky Derby. Job growth slowed, and the
unemplo...
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