Equity funds could make big money on shipping
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Several major banks have sold off their shipping loans to equity funds during the last months of 2013, often at 15-20 percent discounts, and this development will continue in 2014, financial consultants estimate. And with a stabilization or increase of ship values the equity funds with strong capital backing - and as opposed to many banks - could do solid business, as some hedge funds have already done this year.
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