Bear Stearns taps managers to save hedge fund - Yahoo! News

Updates:Bear Stearns taps managers to save hedge fund - Yahoo! News: "Bear Stearns Cos. Inc. said on Tuesday it does not plan to bail out the High-Grade Structured Credit Strategies Enhanced Leverage Fund, the second of two struggling hedge funds.Instead it will provide $1.6 billion of financing to save its High-Grade Structured Credit Strategies Fund. Days earlier the bank had said it would