BlueMountain Continues To Struggle In Market Turmoil
Soon after the $19 billion hedge fund, BlueMountain Capital Management was sold to Assured Guaranty for $160 million in the second half of 2019, the firm announced the closure of its $2.5 billion flagship BlueMountain Credit Alternatives Master Fund. The decision to close the fund came after years of underperformance. It failed to meet its annual return target of 8% to 10% every year from 2012 onwards. Since its inception, the fund only earned 6.7% annualized for its investors. However, despite this lackluster performance, BlueMountain continued to charge performance fees as much as 30%. As returns declined and expenses mounted,...
This content is exclusively for paying members of Hedge Fund Alpha
Gain Exclusive Access to the Insider Strategies and Letters to Shareholders from the Top Hedge Funds and Maximize Your Portfolio Growth with Hedge Fund Alpha Get Started Now with a FREE 7-Day Trial🔻If you are a current Hedge Fund Alpha member and are having an account error please clear cache and cookies. If that does not work, email [email protected] or click Chat. |
