All Blue Investment Files Chapter 15 Bankruptcy in Florida

All Blue Investment Management Ltd. filed for Chapter 15 bankruptcy protection in Florida on Friday, according to court papers.

• The proceeding was filed by liquidators of the company, the papers showed
  • Matthew Holden Novak, who led All Blue Fund, had signed on the liquidator appointment: papers
• NOTE: All Blue made a series of wrong-way short bets with multiple counterparties earlier this year and was allegedly unable to settle the trades, Bloomberg reported in May
• NOTE: The fund had agreed to participate in a convertible debt offering tied to Digital World Acquisition Corp., the special-purpose acquisition company that merged ...