Mutual funds lost a total of $5.4 billion investing in Puerto Rico, according to a Wall Street Journal report Monday.
The losses, both actual and unrealized, were absorbed by funds run by Franklin Resources Inc (BEN) , OppenheimerFunds Inc., Vanguard Group, Goldman Sachs Asset Management, Western Asset Management Co., Lord, Abbett & Co., AllianceBernstein Holding (AB) , LP and Dreyfus Corp.
That diverse group of creditors will be fighting over the small pot of finances that will be up for grabs once Puerto Rico's court-supervised debt restructuring hearing commences this week, according to the Journal's analysis.
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