Please login to send this article

Investors Toss Drowning Blue River A Life Preserver

Mar 4 2008 | 1:00am ET

Investors have extended a $100 million lifeline to a Colorado hedge fund battered by bad bets on municipal bonds last week.

Blue River Asset Management raised the new funds from both exiting and new investors in an effort to stave off collapse. The firm was forced into a fire sale of assets after its Muni Bond Opportunity Universal Unit Trust suffered big losses in the municipal bond market late last week; some of the new money will be used to buy the assets the firm was forced to sell.


In Depth

Q&A: Energy Expert Peter Fusaro Sees Lull In ‘Green’ Investing, Urges Patience

Mar 19 2010 | 1:29pm ET

Two year ago cleantech, or green, investing was the strategy du jour....

Lifestyle

Cohen Pays $110 Million For Famed Painting

Mar 19 2010 | 9:50am ET

SAC Capital Advisors founder Steven Cohen has bought on of Jasper John’s famed...

Guest Contributor

Post-Crisis: Hedge Funds, Custodial Risk And Prime Brokers

Mar 16 2010 | 6:45am ET

Just a few years ago prime brokers viewed hedge funds as their main...

 

Service Providers