The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Four Fund Firms Could Lose as Much as $4 Billion on Fannie, Freddie Troubles Not Rated 5.0 Email Routing List Email & Route  Print Print
Monday, July 14, 2008

Four Fund Firms Could Lose as Much as $4 Billion on Fannie, Freddie Troubles

by: Erin Kello

Wondering which fund firms will lose the most due to Freddie and Fannie's troubles? Reuters names the fund groups that have the largest stake in one or both of the companies. Based on the the fund group's most recent disclosure figures, the wire service says that Capital Group, AllianceBernstein, Fidelity and Legg Mason may have seen as much as a $4 billion decline in value from holdings in Freddie and Fannie in the past week. The MFWire reported last Friday that Legg's legendary Bill Miller has been one of the hardest hit by Fannie and Freddie's troubles. His Value Trust fund has lost more than 40 percent this year thanks in part to losing bets on the two companies. (see "Legg Mason's Miller is in Last Place. Can He Come Back?", MFWire 07.11.08)  

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2020: Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use