Blue Mountain Credit Alternatives fund was down 1.77% gross for November and 10.72% for the first 11 months of 2019. The fund’s fundamental credit strategy was the main loser during November with a 1.48% decline. The vast majority of that decline came in distressed and special situations. The structured credit strategy was also down 0.27%. Long/ short credit, which also falls under fundamental credit, was down 0.05%, while appraisal cases was up 0.03% for November. Q3 2019 hedge fund letters, conferences and more Blue Mountain’s biggest investment is in CLO equity, while its second-biggest investment was a private capital stake…
Blue Mountain hit on distressed and special situations
Michelle deBoer-Jones
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.