Washington names nine to buy toxic assets

- Central Banking Newsdesk
- 09 Jul 2009

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Nine companies will be able to buy toxic assets from the US authorities' legacy asset programme it emerged on Wednesday.

The Treasury also said it would invest $30 billion in equity and debt in the public-private investment programme, under which the authorities will match private capital dollar-for-dollar.

The nine fund managers are:
• AllianceBernstein, and its sub-advisors Greenfield Partners and Rialto Capital Management;
• Angelo, Gordon & Co., and GE Capital Real Estate;
• BlackRock;
•

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