Echoing some other big names in the space, BlueMountain Capital Management, the $22 billion New York-based multiple strategy credit fund manager, experienced generally strong performance across its three primary investment vehicles in the second quarter, according to an investment letter reviewed by ValueWalk. Fund management said it is “underwhelmed” with its 2016 year-to-date performance and is working on a strategy expansion project, “growing our capabilities in signal-driven, systematic investing,” while seeing strong forward looking opportunities across markets and strategies. The fund, previously involved in a fight over Puerto Rican debt, has a long history of posting consistent returns in a low volatility environment.
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