"Better returns expected from latest SIV sale" writes FT.com, saying, "Investors will on Wednesday bid for up to $6bn of assets as part of the restructuring of a complex investment vehicle which collapsed last year. The receivers of the portfolio of Whistlejacket, the structured investment vehicle previously managed by Standard Chartered, are expecting to receive bids on the assets of the portfolio.... It will be one of the largest assets sales to have taken place under a SIV restructuring. The auction will fund cash payouts for investors who want them. Any unsold assets will be transferred to a new fund set up by Goldman Sachs." See also, Bloomberg's "Whistlejacket Capital SIV Asset Auction Said to Start Today".
