Many funds listed on the London Stock Exchange faced losses in the wake of the U.S. subprime situation, but none seemingly more so than Caliber Global and Queen's Walk Investments. The two Guernsey-based companies were heavy investors in American subprime paper, and both are estimated to have felt loses at around 40%.

Since word got out of the companies' devaluations earlier this month, both businesses have slapped information calling for calm on their respective Web sites and have become tight-lipped during phone calls.

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