Troubled Blue River Sets Conference Call

Mar 10 2008 | 9:56am ET

Blue River Asset Management, the Colorado hedge fund battered by the plunging municipal bond market, is set to speak with investors on Wednesday.

The firm will hold a conference call, Reuters reports. Investors last month pumped $100 million in new cash into the fund, helping it stave off disaster. JPMorgan helped arrange the bailout, which included both new and existing investors.

Last week, JPMorgan said Blue River would seek to add even more new cash to its troubled fund.

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