Sunday, 2 August 2015
Last updated 1 day ago
Mar 12 2008 | 8:24am ET
Sometimes, a bailout isn’t enough. Colorado-based Blue River Asset Management will liquidate its $1 billion municipal bond hedge fund, in spite of the $110 million lifeline arranged by JPMorgan Chase last month.
The firm plans to inform investors about its plan for an “orderly liquidation” today, according to Reuters. What’s left of the fund’s capital will be returned to investors.
The money raised from new and existing investors by JPMorgan will not go to waste: Blue River is planning a new domestic fund in order to stay in business.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…