Cantor Fitzgerald completes auction of Bear assets
Published June 23rd, 2007
Bond broker Cantor Fitzgerald LP said it completed a “successful auction” of assets from Bear Stearns Cos. Inc. (BSC.N: Quote, Profile, Research), a company spokesman said on Friday.
Bear Stearns on Friday said it would provide up to $3.2 billion in financing for a struggling hedge fund it manages. For details, click on (ID:nN22483393: Quote, Profile, Research)
“We had a successful auction,” said Cantor Fitzgerald spokesman Robert Hubbell, who didn’t immediately have a figure on how much was sold. “We have no exposure to the Bear Stearns hedge fund. We have not lost a penny.”
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