Apr 27
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Funds fight for slice of BofA settlement
Funds fight for slice of BofA settlement
[ad_1] ©Bloomberg
Two hedge funds run by former Goldman Sachs traders are fighting for a $500m slice of Bank of Americaâs much-delayed $8.5bn legal settlement over subprime mortgage bonds.
The pair have demanded a share of BofAâs compensation bill after buying some of the bonds at distressed prices in the open market, and say they are entitled to be paid before the original holders of more…
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Funds fight for slice of BofA settlement
Funds fight for slice of BofA settlement
[ad_1] ©Bloomberg Two hedge funds run by former Goldman Sachs traders are fighting for a $500m slice of Bank of Americaâs much-delayed $8.5bn legal settlement over subprime mortgage bonds. The pair have demanded a share of BofAâs compensation bill after buying some of the bonds at distressed prices in the open market, and say they are entitled to be paid before the original holders of more…
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