Saturday, 1 August 2015
Last updated 1 day ago
Aug 8 2014 | 4:34am ET
Investor clamor for its products has put BlueMountain Capital Management on the precipice of joining a very exclusive club.
The New York-based credit specialist’s assets have soared to $19.6 billion, nearly four times its size five years ago. Its flagship hedge fund, which managed $2.3 billion in June 2009, now has a whopping $8 billion in assets under management, Bloomberg News reports.
BlueMountain’s returns have been good, if not exceptional, over the period, with annualized gains of 11.6%. This year, the fund is up 3.5%, ahead of its peers but well behind the broader markets.
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…