Tuesday, 1 September 2015
Last updated 23 min 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…