Alternative investments round up: Who’s smiling?
Blue River Blue River Asset Management’s main municipal bond fund, which once held over $1 billion in assets, is reportedly liquidating after a harsh sell-off in the bond market, joining Citi as the latest firm to get hit by the munibond price decline.
Carlyle Considered by most as untouchable, Carlyle’s woes prove that banks are having no mercy even on loved ones. Carlyle Capital, a listed $21.7 billion mortgage bond fund has had its assets seized by lenders. It was unable to meet margin calls in excess of $400 million.
Ritchie When will it end for Ritchie? Three investors are trying to recover money by forcing one of the firm’s funds into bankruptcy. Meanwhile the firm also has had claims against life settlement firm Coventry, dismissed, while having been ordered to pay Coventry $10 million in a separate legal battle.
