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Rating: WSJ: Evergreen Fund May Have Come In Contact With SubPrime Not Rated 3.1 Email Routing List Email & Route  Print Print
Thursday, August 16, 2007

WSJ: Evergreen Fund May Have Come In Contact With SubPrime

by: Erin Kello

The WSJ reported last week that Evergreen Institutional Money Market Fund may have indirect exposure to the subprime flu. The pub's evidence trail links to Broadhollow Funding LLC, that is encountering problems due to American Home Mortgage Investment Corp's bankruptcy filing. According to the paper, Broadhollow "purchased its mortgage products from AHM, which had created the vehicle, to finance the notes it sold to investors."  

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