BlueMountain Up 4.5% In March

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.


In Depth

Royalties: The Alternative Assets of the Music Industry

Jul 8 2016 | 7:01pm ET

Recent market volatility has investors seeking greater insight into alternative...

Lifestyle

Vortic: Making Great American Watches Again

Jul 25 2016 | 6:29pm ET

If you are compelled by stories of entrepreneurial vision & drive, or simply...

Guest Contributor

MPI: Like Stellar Returns? Better Understand the Risks First

Jul 22 2016 | 8:44pm ET

When the press reports extraordinarily strong relative or risk-adjusted returns...