The firm announced today that it is investigating potential claims on behalf of investors who invested in the following municipal arbitrage funds: 1861 Capital Management Citigroup’s Mat and ASTA Funds Aravali Fund Blue River Asset Management GEM Capital Havell Capital Enhanced Municipal Income Fund Rockwater Hedge Fund, LLC Stone and Youngberg Municipal Advantage Fund TW […]
The 1861 Capital funds, marketed initially as a relatively safe fixed income product promising slightly higher returns than municipal bonds, ultimately proved to be highly risky and volatile investments. Managed under a municipal arbitrage strategy, these funds were leveraged, significantly amplifying both potential gains and losses for investors. This strategy, as described by Ryan Bakhtiari, […]
The hedge-fund community is in crisis mode after crashing and burning in the aftermath of the global credit crisis. 1861 Capital Management, ASTA/MAT, Tontine Partners LP, and The Ospraie Fund, are just a few of the hedge funds who have suffered a fate tied to investor redemptions and illiquid assets, which ultimately has left thousands […]