In the News: Recent Developments

Saber Partners, LLC assisted the State of Hawaii in its negotiations with Citigroup Inc. and Citigroup Global Markets Inc. regarding approximately $1 billion of currently illiquid investments (auction rate securities (ARS)) purchased from Citigroup. The State’s fund purchased the securities during the financial crisis in 2007-2008. Saber Partners advised the State from the beginning of the negotiations in August 2010 to their successful conclusion in November 2010.