PAMLI, BlueMountain Post Above-Average August Returns

Sep 20 2011 | 2:26pm ET

A pair of prominent credit hedge funds managed to best their peers last month, the worst for the hedge fund industry in almost three years.

PAMLI Capital Management's Global Credit Strategies Fund rose 5.02% in August, Bloomberg News reports. The firm was founded in January by Faisal Syed, formerly of Highbridge Capital Management, and its flagship currently manages $115 million.

BlueMountain Capital Management's fund did not do quite as well, losing 1.89% last month. But that's something of a victory, given the bloodbath that befell the industry. The firm's Credit Alternatives Fund remains up 3.06% on the year.


In Depth

FINtech Focus: Fundbase Aims To Revolutionize Access To Hedge Funds

Jan 23 2015 | 11:03am ET

Global investment in financial technology—also known as fintech—is booming....

Lifestyle

Is Steven Cohen Going to Buy the Brooklyn Nets?

Jan 19 2015 | 6:49am ET

Rumors that Steve Cohen was interested in the Brooklyn Nets emerged after Scott...

Guest Contributor

Investors Benefit From Evolution Of Fund Of Hedge Funds Model

Jan 22 2015 | 12:27pm ET

The evolution of the fund of hedge funds model over the last few years represents...

 

Editor's Note