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Our Law Firm is investigating potential claims on behalf of investors who purchased 1861 Capital Management municipal bond arbitrage funds from UBS and other brokerage firms. Our investigation shows that four separate 1861 Capital Management fixed income arbitrage funds were marketed and sold by UBS. These included 1861 Capital Municipal Enterprise Domestic Fund, LP, 1861 Capital Municipal Enterprise Offshore Fund, Ltd., 1861 Capital Discovery Domestic Fund, LP, and 1861 Capital Discovery Offshore Fund, Ltd.
Presently, KlaymanToskes is representing numerous investors who sustained losses in leveraged municipal bond arbitrage hedge funds sold by Wall Street brokerage firms. The municipal bond arbitrage strategy employed by these funds was risky and exposed investors to losing their principal investment. Nonetheless, the funds were represented by brokerage firms to be fixed income products that could provide higher yield, and were touted as being safe and secure investments, not subject to a significant amount of volatility or risk. In reality, however, the arbitrage strategy was a highly leveraged bet on interest rates, on liquidity, on the value of short call options, and on credit risk. Due to the lack of disclosure and/or misrepresentations concerning the risks of these products, unsuspecting investors who were looking to preserve their capital sustained substantial losses.
KlaymanToskes is continuing to investigate and/or process claims concerning other leveraged municipal bond arbitrage hedge funds including Citigroup’s ASTA/MAT Funds, Aravali Fund, Blue River Asset Management, GEM Capital, Rockwater Hedge Fund, LLC, Stone and Youngberg Municipal Advantage Fund, and TW Tax Advantaged Fund.