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On both continents, the credit crunch has been caused by fears about securities related to U.S subprime mortgages that have become difficult to price in illiquid markets, and as a result, make it near impossible for investors to assess how much exposure funds and institutions have to subprime markets.
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Despite a consensus among child advocates and experts that primary prevention is the best way to protect children from lead exposure, funding remains the primary roadblock for locating and remediating environmental lead contamination. .
[See additional file 1: File1 to view this document.] In a meeting with chromium industry representatives in 1996, ChemRisk scientists outlined a strategy that included obtaining and analyzing the raw data from a not-yet-published study of Cr VI) exposure funded by the Environmental Protection Agency EPAA) in order "to forestall the [OSHA] rulemaking".
If you get hedge fund exposure through a fund of funds, you incur both the underlying funds' fees (say, 1% a year plus 20% of the gains) and more fees for the middleman combining the different funds.
Even while the investing public suffers from exposure to funds with volatile performance, the mutual fund industry benefits.
The Man Group, the large European hedge fund manager, announced on Monday that it would buy up the remaining Lehman Brothers exposure from funds run by one of its subsidiaries.
Rather it came after the bank said it had some exposure to funds that have lost money in the US subprime mortgage market, but maintained this was not material.
Amid the cash squeeze last month, the banking regulator repeated previous orders to banks to report all forms of local government debt exposure, including funds channeled through wealth management products.
The bank was required by regulators to report its 2008 results ahead of schedule because of concern about the extent to which it would be hurt by its clients' exposure to funds run by Bernard L. Madoff, the financier who investigators say has acknowledged running a $50 billion Ponzi scheme.
Dividing the company this way would give both units more exposure to funds, both private and public.
Trading was mixed within the banking sector, reflecting the degree to which banks themselves would lose out from exposure to funds run by Madoff.
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