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Fund Managers Jostle for Toxic Assets 

Apr 30, 2009By

Fund managers submitted more than 100 applications to the Treasury Department to participate in the so-called ‘legacy securities’ side of the Public-Private Investment Program (PPIP), which aims to attract private capital in the hopes of encouraging lending. A separate government plan in the works, however, might attract investors previously turned off by the shared equity stake inherent in the PPIP.

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