Here are some of the investors in Refco: TIAA-CREF, T Rowe Price, Oppenheimer Fund, Putnam Investments, Thomas Lee Partners, New York State Retirement Fund. Add in the underwriters: Goldman Sachs, Credit Suisse, Bank of America.
The underwriters saw the debt that is now in question but took the auditor's word that a hedge fund would pay it back.
2 comments:
Blackstone Group. Great name coming - The group has advised companies and creditors in more than 150 distressed situations, both in and out of bankruptcy proceedings, involving some $315 billion of total liabilities.
BLACKSTONE coming to save REFCO : The group has advised companies and creditors in more than 150 distressed situations, both in and out of bankruptcy proceedings, involving some $315 billion of total liabilities.
http://www.blackstone.com/restructuring/index.html
Post a Comment