(Bloomberg) -- The world's biggest bondholders have
had their fill of leveraged buyouts, convinced that increasing
mortgage delinquencies will drag down the U.S. economy and drive
debt-laden companies into default.
TIAA-CREF, which oversees $414 billion in retirement funds
for teachers and college professors, is boycotting some debt
offerings used to finance LBOs. Fidelity International, a unit of
the world's largest mutual fund company, and Lehman Brothers
Asset Management LLC, the money-management arm of the third-
biggest bond underwriter, say they're avoiding debt from buyouts.
Read more at Bloomberg Exclusive News
had their fill of leveraged buyouts, convinced that increasing
mortgage delinquencies will drag down the U.S. economy and drive
debt-laden companies into default.
TIAA-CREF, which oversees $414 billion in retirement funds
for teachers and college professors, is boycotting some debt
offerings used to finance LBOs. Fidelity International, a unit of
the world's largest mutual fund company, and Lehman Brothers
Asset Management LLC, the money-management arm of the third-
biggest bond underwriter, say they're avoiding debt from buyouts.
Read more at Bloomberg Exclusive News
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