Tuesday, July 3, 2007

UPDATE 1-United Capital says hedge funds to stay open

(Reuters) - NEW YORK, July 3 - United Capital Asset
Management said on Tuesday it will continue operating its
Horizon Strategy group hedge funds that invested in
subprime-mortgage bonds after temporarily halting payments to
investors.




"We wish to emphasize that UCAM and Horizon are not liquidating and intend to
continue in operation," it said in a statement.


Read more at Reuters.com Bonds News

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