Friday, 22 August 2014
Last updated 1 hour ago
Oct 27 2010 | 10:04am ET
BlueMountain Capital Management is riding credit swaps and the equity portfolios of credit derivatives to enjoy returns double that of the average hedge fund this year.
The $4 billion New York-based firm's flagship Credit Alternatives Fund is up between 8.5% and 9% this year, Bloomberg News reports. The bulk of those returns—some 80%—come from the hedge fund's trading in individual credit swaps as well as its investments in the equity portions of collateralized-loan obligations and default-swap indices.
The Credit Alternatives fund has $2.6 billion in assets under management.
The average hedge fund has returned about 4.5% this year, according to industry indices.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note