Billionaire investor Wilbur Ross said Tuesday he would invest in the US government’s private-public investment fund designed to help mop up banks’ troubled assets, provided that low-cost funding, as well as guarantees in sharing investment losses, are involved, reports Reuters. Ross, who made his fortune buying distressed companies, said he was willing to share profits with the government but said due diligence is a major issue.

This entry was posted by Gwen Robinson on Wednesday, February 18th, 2009 at 5:29 and is filed under Capital markets, People. Tagged with wilbur ross. Edit this entry.