​ Bear Stearns filed to launch Bear Stearns Current Yield reports Strategic Insight'​s FundFiling.​com. The new fund, managed by Bear Stearns Asset Management'​s Scott Pavlak, will "​seek as high a level of current income as is consistent with the preservation of capital and liquidity." The fund'​s shares, or "​Creation Units," will only be available to "​Authorized Participants" of the "​Continuous Net Settlement System of the National Securities Clearing Corporation" and of the DTC (​Depository Trust & Clearing Corp.). On March 13, we reported that Standard & Poor'​s rated Bear Stearns' Enhanced Income Fund '​AAAf/​S1+'.

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