Washington names nine to buy toxic assets
Nine companies will be able to buy toxic assets from the US authorities' legacy asset programme it emerged on Wednesday.
The Treasury also said it would invest $30 billion in equity and debt in the public-private investment programme, under which the authorities will match private capital dollar-for-dollar.
The nine fund managers are:
• AllianceBernstein, and its sub-advisors Greenfield Partners and Rialto Capital Management;
• Angelo, Gordon & Co., and GE Capital Real Estate;
• BlackRock;
•
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