(Bloomberg) -- Macquarie Bank Ltd., Australia's
largest securities firm, said investors in some of its high-
yield funds may lose as much as 25 percent of their money amid
the fallout in U.S. subprime mortgages.
Macquarie Fortress Investments Ltd. was forced to sell assets
and use the proceeds to reduce borrowings and comply with lending
covenants, it said in a statement. Investors may lose A$300 million
($255 million), the Australian newspaper reported earlier.
Read more at Bloomberg Currencies News
largest securities firm, said investors in some of its high-
yield funds may lose as much as 25 percent of their money amid
the fallout in U.S. subprime mortgages.
Macquarie Fortress Investments Ltd. was forced to sell assets
and use the proceeds to reduce borrowings and comply with lending
covenants, it said in a statement. Investors may lose A$300 million
($255 million), the Australian newspaper reported earlier.
Read more at Bloomberg Currencies News
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