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Cheyne Finance May Unwind.
- Source :
-
Wall Street Journal - Eastern Edition . 8/29/2007, Vol. 250 Issue 50, pC2. 0p. - Publication Year :
- 2007
-
Abstract
- The article reports on the plan to unwind by the structured investment vehicle Cheyne Finance managed by London, England-based Cheyne Capital Management (U.K.) LLP following a decline in the value of its portfolio of real estate-related securities. Cheyne Finance failed to meet tests that measure the value of its investment portfolio against its debt obligation according to Standard & Poor's Corp. The vehicle was established in 2005 to issue about $20 billion in commercial paper and notes.
Details
- Language :
- English
- ISSN :
- 00999660
- Volume :
- 250
- Issue :
- 50
- Database :
- Academic Search Index
- Journal :
- Wall Street Journal - Eastern Edition
- Publication Type :
- News
- Accession number :
- 26483938