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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David Woodall
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