Why hedge funds are eyeing Utah’s shrinking water supply
[T]he president of New York-based hedge fund Water Asset Management … has called water in the United States “a trillion-dollar market opportunity.” The hedge fund invested $300 million in farmland in Colorado, California, Arizona and Nevada as of 2020, including $16.6 million on 2,220 acres of farmland with senior water rights in Colorado’s Grand Valley just upstream from where the Colorado River crosses into Utah.