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Blue Mountain Digs In For The Long Haul As It Takes Profits On Puerto Rico Debt And Subprime Lender

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Michelle deBoer-Jones
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Blue Mountain

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Blue Mountain Credit Alternatives Fund was up 0.3% for Class S and 0.43% for Class L shares for the second quarter. For the first six months of the year, Class S is down 3.64% while Class L is down 3.4%. The Blue Mountain team said although these returns are "disappointing,"

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Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.