More news today suggests that the fallout from the subprime mortgage crunch on Wall Street hasn’t moderated just yet. First, Bloomberg reports that Cambridge Place’s Caliber Fund will fold due to losses associated with subprime mortgage debt investments:

Caliber Global Investment Ltd., a $908 million fund invested in subprime mortgage debt, will close as losses widen on defaulted U.S. home loans. The London-listed fund, managed by Cambridge Place Investment Management LLP, will sell its assets and shut within a year, Caliber said in a statement today. Caliber is the second U.K. fund this week to report fallout from rising defaults by American homeowners, following a $91 million annual loss for Queen’s Walk Investment Ltd., run by Cheyne Capital Management (UK) LLP in London. Carlyle Group, the Washington-based buyout fund, cut the size of its initial public offering for a fund that invests in bonds backed by mortgages by 25 percent to $300 million today.

An earlier Bloomberg story has suggested that the Carlyle IPO wasn’t just given a haircut, but that it had come to a screeching halt altogether. Update: Bloomberg appears to now be reporting in a new story that the Carlyle fund in question has received the aforementioned haircut but has not been called off. (Sidenote: I understand this market to a certain extent, and this is proof that following it can yet be a dizzying task).