Subprime claims new victim: German firm shuts fund to stop investors from taking out cash

Article Abstract:

German fund manager Frankfurt-Trust has temporarily closed its FT ABS-Plus fund to prevent investors from withdrawing more money. Frankfurt-Trust has become yet another European firm affected by the US subprime mortgage crisis. Although Frankfurt-Trust has not invested in subprime loans, it owns securitized assets and is therefore exposed to credit markets.

Germany, Services discontinued, Economic aspects, International aspects, Mortgage-backed securities, Mortgage backed securities, Service discontinuation, Subprime loans

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Enterprise raises $833 million for latest corporate-buyout fund

Article Abstract:

Enterprise Investors of Poland has raised $833 million (658 million Euros) for a new private equity fund. The investment company is looking for corporate buyouts in Central Europe. Corporate buyouts are a trend that is growing in emerging European economies.

Poland, Company overview, Enterprise Investors

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Wheelock's net declines 40%

Article Abstract:

Wheelock and Co. posted a decline of 40% in its net profits for the year ending March 31, 2001. The company posted HK$516.6 million (76.9 million million euros) in net profits for the year.

Sales, profits & dividends, Hong Kong, Holding companies, Wheelock and Co.

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