BlueMountain Recruits Citi, Deutsche Execs.

Mar 10 2008 | 1:01pm ET

Hedge fund shop BlueMountain Capital Management has hired Scott Lessing as head of corporate research and Derek Smith as a senior portfolio manager. Lessing will take responsibility for company-specific and strategic market research across the firm, while Smith will focus on fundamental trading strategies.
 
Lessing served most recently as chief operating officer for Citi Global Wealth Management Investments, the alternative investments, investment advisory products, mutual funds, annuities and insurance unit of Citigroup’s wealth management division. Smith joins from Deutsche Bank, where he was a managing director of global credit trading. In that role, Smith managed the investment grade and high-yield credit cash and derivatives desks across the U.S. and Europe. 
 
BlueMountain has more than $5 billion in assets under management in its hedge funds. The firm recently sold a minority equity interest to publicly traded Affiliated Managers Group.


In Depth

Q&A: Star Mountain's Brett Hickey On Investing In 'The Growth Engine Of America'

Sep 22 2017 | 5:06pm ET

Lower middle-market companies form the economic fabric of the nation, but they can...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...

 

From the current issue of

With NFL season on the horizon, it’s time to take a look at our Fantasy Football value picks. Last year, we nailed it on Drew Brees, Jordan Howard, Frank Gore and Dwayne Allen. We missed pretty badly on Duke Johnson, Demaryius Thomas, Mohammed Sanu and Eli Manning.