German banks reveal exposure to fund bailout

Article Abstract:

Deutsche Bank AG has agreed to invest $300 million in US-based Long-Term Capital Management LP. Deutsche Bank stated that it has not invested in Long-Term Capital and that its $300 million donation will not affect its profits. Meanwhile, Dresdner Bank AG has made public that it anticipates to incur losses worth approximately 240 million deutsche marks ($143 million) due to its investments in Long-Term. Dresdner Bank stated that its contribution to Long-Term will also not affect its earnings due to profits generated from its previous investment in Long-Term.

Comment:

Makes public that it anticipates to incur losses worth approximately 240 mil deutsche marks ($143 mil)

United States, Commercial Banks, Commercial Banking, Sales, profits & dividends, Receipt of funds, Use of Funds, Deutsche Bank AG, Dresdner Bank AG (Frankfurt, Germany), Article, Long-Term Capital Management LP

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Manager steers DWS Telemedia on a stable course

Article Abstract:

The article discusses the DWS Telemedia fund which has been the No. 1 global telecom fund for the past five years, and also profiles its manager, Walter Holick. The fund's cumulative return was 326.2% as of June 19, 2000.

Investment Offices, DWS Telemedia

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Germany reconsiders inflation-linked bonds

Article Abstract:

The strong demand for inflation-indexed products in Germany is causing the country to reconsider inflation-linked bonds. Germany has shied away from such bonds up to this point.

Securities issued, listed, Planning, Securities, Bonds, Bonds (Securities), Company securities, Company business planning, Inflation-indexed bonds, Inflation indexed bonds

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