Tuesday, 5 May 2015
Last updated 4 hours ago
Apr 7 2010 | 5:44pm ET
BlueMountain Capital Management’s credit hedge fund soared last month, riding a major rally in the fixed-income markets.
The BlueMountain Credit Alternatives Fund returned more than 4.5% through March 26, according to HSBC’s private bank. The strong performance comes as the $3.6 billion firm has launched three new credit-focused hedge funds.
BlueMountain has already raised more than $250 million for the next funds. Its Long/Short Credit Fund debuted on Feb. 1, while its Distressed Fund and a single-client securitized investments fund launched last week. The firm says that in addition to the three recent launches, it plans to create a multi-client asset backed securities fund by the end of the third quarter of this year.
The hedge fund firm was founded in 2003 and has a team of 110 professionals in New York and London.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…