Financial Times FT.com

Sigma creditors look to join forces

By Anousha Sakoui

Published: August 4 2008 23:59 | Last updated: August 4 2008 23:59

Investors in Sigma Finance, the last structured investment vehicle still running, are seeking to form a creditor committee that would represent their interests in the $29bn fund.

The move by some of Sigma’s creditors comes as the fund – which held the title of largest fund of its kind – needs to refinance billions of dollars of debt at a time when it has suffered cuts to its credit rating as a result of volatile market conditions.

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