Investor Wilbur Ross has purchased $1 billion of beaten-down municipal bonds, a sign that some large investors are snapping up these investments after a recent selloff, taking advantage of the woes of a number of hedge funds that have been forced to sell to try to stay afloat.  Investor Wilbur Ross has purchased $1 billion of beaten-down municipal bonds, a sign that some large investors are snapping up these investments after a recent selloff, taking advantage of the woes of a number of hedge funds that have been forced to sell to try to stay afloat

 These are values that probably won’t come around for another generation, but they’re here at the moment,” said Bill Gross

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