Broker Watch: INVESTORS IN HEDGE FUNDS SUE BEAR STEARNS

Are you invested in hedge funds with Bear Stearns? If so, you will want to pay attention to a recently instituted arbitration. The case involves Bear Stearn and its two collapsed hedge funds: the Bear Stearns High Grade Structured Credit Strategies and Enhanced Leverage funds. These hedge funds bet on bonds backed by subprime mortgages, or home loans to consumers with poor credit histories.