Investors Await Toxic-Assets Plan

Hedge funds wait for Treasury to present coherent plan for pricing toxic assets.


Hedge funds and private equity money have stayed mainly on the sidelines during the credit crisis, waiting for the Treasury Department to come up with a coherent plan for pricing toxic assets. “The government has done a very poor job of communicating,” says Richard Marshall, a partner who represents hedge funds at New York–based law firm Ropes & Gray.

To continue reading, subscribe now to Premium Journalism. Already a subscriber? login.