Blue River To Close Muni Fund

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.

RELATED ARTICLES:


In Depth

The Benefits Of Private Debt Investing

May 7 2015 | 10:43am ET

Jeffrey Haas is chief operating officer of Old Hill Partners Inc., an SEC-registered...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

How To Generate 6% Yield In A Volatile World

May 22 2015 | 6:41am ET

Private credit comes in many different flavors, all with the common themes of over...

 

Editor's Note