MutualFundWire.com: Three Fund Shops Seek to Serve Up Toxic Assets on a Closed-End Platter
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Friday, March 27, 2009

Three Fund Shops Seek to Serve Up Toxic Assets on a Closed-End Platter


In Friday's Wall Street Journal Fund Track, Diya Gullapalli reports that at least three fund firms -- BlackRock, Pimco and Legg Mason -- are planning to offer closed-end funds to take advantage of the Treasury's toxic-asset program.

BlackRock, for its part, is looking at a closed-end fund it launched in January, BlackRock Fixed Income Value Opportunities, as a possible template.

Other asset managers, such as Goldman Sachs Asset Management, T. Rowe Price, Fidelity and Franklin Resources, are currently evaluating the Treasury's program.


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