Bear Stearns CFO says hedged credit hedge funds

Reuters.uk- Bear Stearns Cos Inc (BSC.N: QuoteProfile , Research) has hedged its remaining assets in high-grade structured credit hedgefunds, the investment bank’s chief financial officer said on Thursday.

Sam Molinaro also told analysts on a conference call that Bear had dramatically reduced counterparty exposure for the high-grade structured credit hedge funds. (Reporting by Christian Plumb)

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