Friday, 19 September 2014
Last updated 8 hours ago
Feb 5 2010 | 1:03pm ET
BlueMountain Capital Management has wound down the distressed debt hedge fund it launched to take advantage of the credit crisis.
The New York-based firm has liquidated the $100 million fund after less than a year, returning money to investors last month. Many have chosen to reinvest that money—there’s 34% more of it since the fund’s debut last March—in BlueMountain’s other credit funds.
“We’ve captured most of the big opportunity,” co-founder Stephen Siderow told Bloomberg News. “It isn’t going to happen again anytime soon and that’s why we urged our clients to move on.”
New York-based BlueMountain has some $4 billion in assets under management.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.