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By Saijel Kishan
Nov. 3 (Bloomberg) — Blue Mountain Capital Management LLC froze its largest hedge fund after clients asked to pull a “meaningful percentage” of their money even as it outperformed the industry average by almost 10-fold this year.
The $3.1 billion Blue Mountain Credit Alternatives Fund declined 2.4 percent through October, compared with the 19.6 [...]

Regulators try to ease selling pressure on munis
Insurers can get new ratings on munis backed by downgraded bond insurers
By Alistair Barr, MarketWatch
Last Update: 6:45 PM ET Jun 2, 2008
SAN FRANCISCO (MarketWatch) — Regulators unveiled a plan on Monday that they
hope will relieve pressure on insurance companies to sell municipal bonds backed
by troubled bond insurers.
Several bond [...]