Posts belonging to Category Securities Class Actions



Investors Lose Big As Wachovia Subsidary Liquidates Evergreen Ultra Short Opportunities Fund

Posted by Page PerryonJune 20, 2008
 

On June 19, Evergreen Investments, a subsidiary of Wachovia Corporation, announced that it was liquidating the Evergreen Ultra Short Opportunities Fund (EUBAX). The Fund has lost 19.6 percent of its value year to date, including total realized losses of more than $200 million in less than three months since March 31, 2008. Bond funds ? […]

Categories: Mortgage Securities & Collateralized Debt Obligation Problems, Securities Class Actions, Wachovia