Article: Orca Bay Partners Announces Management-Led Buyout of 1838 Investment Advisors From MBIA Inc.

SEATTLE, March 29 /PRNewswire/ -- Orca Bay Partners, a private equity firm today announced a management-led buyout of all the assets of 1838 Investment Advisors from MBIA Inc. . 1838 Investment Advisors has more than $3.6 billion under management. It specializes in large capitalization core, international, and fixed-income investment strategies and is known for its TaxSmart(R) tax-efficient portfolio management capability. The management and employees of 1838, together with an investor group led by Orca Bay Partners will now own and operate 1838's business. The transaction is expected to close on, or about May 10, 2004.

The new management team will include ...

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