Basis Capital suspends yield fundBY WWW.THESHEET.COM | TUESDAY, 17 JUL 2007 12:44PMLocal hedge fund manager Basis Capital yesterday suspended redemptions from its $1 billion Basis Yield Fund. The fund manager wrote to investors saying that disruption to the global structured credit market had created difficulties for the fund and that it had to deal with liabilities to its financiers. |
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Featured Profile
David Sharpe
CHAIRMAN
FINANCIAL ADVICE ASSOCIATION AUSTRALIA
FINANCIAL ADVICE ASSOCIATION AUSTRALIA
A family man, business owner, cricket fanatic and financial adviser, David Sharpe has many facets. One of his biggest legacies, as he steps down as chair of the Financial Advice Association Australia, is leaving the profession stronger than he found it.
The Financial Standard podcast Tune in each week as we discuss the latest developments in Australia's wealth management industry. |  |
