King of Horizon Calls HSBC Fund Bailout Plan 'Positive': Video
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King of Horizon Calls HSBC Fund Bailout Plan 'Positive': Video
Jill King, who helps oversee about $3 billion in fixed-income assets as senior portfolio manager at Horizon Cash Management, talks with Bloomberg's Betty Liu and Erik Schatzker from Chicago about HSBC Holdings Plc's decision to bail out its two structured investment vehicles and its implications for other banks. HSBC will take on $45 billion of assets to avoid a fire sale of bonds. Investors in Cullinan Finance Ltd. and Asscher Finance Ltd. will be allowed to exchange their SIVs for debt issued by a new company backed by loans from HSBC, the London-based bank said in a statement today. (Source: Bloomberg)
Bloomberg | November 26, 2007
