Axon Financial Plans Final SIV Liquidation

Asset manager Stone Tower Capital will be taking the remaining scraps from its structured investment vehicle, Axon Financial Funding, to public auction June 30 in its second attempt to liquidate the structure since its 2007 default.

  • 13 Jun 2011

--Marissa Capodanno

Asset manager Stone Tower Capital will be taking the remaining scraps from its structured investment vehicle, Axon Financial Funding, to public auction June 30 in its second attempt to liquidate the structure since its 2007 default.

The sale comes a year after the initial Axon auction, which ...

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