Mortgage miasma hits hedge fund

Basis Capital Fund Management, an Australian hedge fund manager with more than A$2bn ($1.7bn) of assets under management, has become the latest casualty of the fallout from the sub-prime mortgage market.

The valuation of Basis' funds are "to be updated", according to the hedge fund's website.

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JPMorgan to Pay $330 Million Over 1MDB TransactionsExternal link

JPMorgan to Pay $330 Million Over 1MDB Transactions