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Credit, housing figures increase likelihood of rate rise

Discussion in 'The Economy' started by Simon Hampel, 1st Aug, 2007.

  1. Simon Hampel

    Simon Hampel Co-founder Staff Member

    9th Jun, 2005
    Sydney, Australia
    Last edited: 17th Sep, 2016
  2. Tropo

    Tropo Well-Known Member

    17th Aug, 2005
    MARKET TALK: Macquarie Funds Hurt By Credit Mkt Volatility

    Macquarie Bank (MLB.AU) reveals retail investors facing losses of up to 25% in two of its high-yield investment funds, according to report in The Australian; MLB says two funds that were marketed to smaller investors could lose quarter of their value, or more than A$300 million; in statement Macquarie Fortress Investments says average price of assets in portfolios fell by 4% in July but because of loans made against funds, which have about A$1.3 billion invested, they could lose quarter of value. Macquarie is third similar fund to get into trouble after Basis Capital, Absolute Capital, but may be of new concern to investors as Fortress funds didn't have direct exposure to U.S. sub-prime mortgages. :eek:

    MacBank hit by US crisis | Business