Sunday, 29 November 2015
Last updated 1 day 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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…