An earlier version of this story incorrectly stated that Assured Guaranty aimed to restart its municipal bond insurance business. Assured Guaranty has an active business insuring municipal bonds. TheStreet regrets the error.
NEW YORK ( TheStreet) -- Assured Guaranty (AGO)'s largest shareholder, Wilbur Ross, called the bond insurer "probably the best risk/reward position in my entire portfolio," in a brief email exchange Friday.
Ross added that he was heartened by a U.S. District Court ruling Wednesday, in which a judge ruled Assured Guaranty can move forward with claims against UBS. Assured argues UBS made misrepresentations about the quality of loans it packaged into securities that Assured Guarantee agreed to insure. Judge Harold Baer threw out some of of the claims, however.
The "adverse ruling against UBS is another vindication for
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