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NEW YORK (CNNMoney.com) -- United Capital Asset Management has temporarily suspended payments from four of its Horizon funds following losses from its investment in subprime mortgage bonds.
In the past ten days, the firm received an unusually high number of redemption requests, including one from its largest investor which accounts for one-quarter of the firm's assets under management.
In the past ten days, the firm received an unusually high number of redemption requests, including one from its largest investor which accounts for one-quarter of the firm's assets under management.