BlueMountain is shuttering its flagship hedge fund, and cofounder Stephen Siderow is leaving. The struggling firm will be almost entirely out of the hedge fund game.
Business Insider -

BlueMountain is winding down its 16-year-old flagship fund, the $2.5 billion BlueMountain Credit Alternatives fund, to focus on its CLO business for its new corporate owner, Assured Guaranty. 

BlueMountain co-founder Stephen Siderow will also leave the firm at the end of the year, the firm said in a statement. 

The manager, which just a year ago was running several different hedge fund strategies, has pulled back from the space in just ten months. 

Click here for more BI Prime...

Read this story at


Related Articles