Toxic-Asset Funds Grow 27Pc

The eight toxic funds managed by firms selected by the U.S. Department of Treasury have grown by 27% since they were created in 2009, reports Reuters.

The eight toxic funds managed by firms selected by the U.S. Department of Treasury have grown by 27% since they were created in 2009. The managers, which include BlackRock, Invesco and Marathon Asset Management, have used an estimated $5.2 billion of the department’s funds earmarked to buy the assets. The 27% increase also includes an estimated $300 million in equity distributions.

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