Credit crunch claims new victims, slapping Drake, Blue River

Fri Mar 14, 2008

The credit crunch claimed two new victims in the U.S. this week with Drake Management facing potential fund liquidations, and Blue River Asset Management liquidating its main municipal bond fund. Others affected include ZAIS Group’s Euromatrix Fund and GO Capital Asset Management, both of which have blocked investor redemptions.

The $4.4 billion New York-based Drake Management, founded in 2001 by BlackRock and Pimco alumni, told investors Wednesday that it is contemplating winding down all three of its...

ISSN: 2151-1845 / CDC10004H

Free Trial

Take a trial today and access

  • Performance news, fund launches, regulation changes and people moves
  • Profiles of fund managers, investors and distributors
  • Live league tables
  • Investor mandates

Popular Searches on HFI