MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, September 8, 2008 Which Fund Firms Bet the Most on Fannie and Freddie? With the government stepping in on Sunday to rescue Fannie Mae and Freddie Mac, the spotlight now turns to the fund firms that stocked up the most on those mortgage lenders' stock in the second quarter. Bloomberg reports that Fidelity, Wellington Management and Dodge & Cox loaded up the most on Fannie Mae in the April to June period, and Wellington was the largest buyer of Freddie Mac stock on a net basis among its peers in the fund world. Fannie Mae and Freddie Mac shed more than 80 percent of their value this year. The two firms' common stock lost $18.9 billion in market value since end-June. Printed from: MFWire.com/story.asp?s=19241 Copyright 2008, InvestmentWires, Inc. All Rights Reserved |