Caliber losses hit $30m

Listed asset-backed securities fund Caliber Global Investment, which announced its closure six weeks ago amid ructions in the sub-prime mortgage sector, has revealed a net loss of $30.1m (€22.3m) for the three months to June after its investments were hit by volatility in the credit markets.

The news comes after the fund made a net loss of $8.8m in the preceding quarter.

WSJ Logo
Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a BillionaireExternal link

Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a Billionaire