Exclusive – Blue Mountain Doubles Down On Credit Exposure After Mixed 2018 And Insistence That PG&E Is “Solvent”

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Rupert Hargreaves
Published on
Updated on
2018 was a year many long-short equity hedge fund managers would rather forget. Volatility returned with a vengeance and caught many managers off guard, particularly in the fourth quarter. The S&P 500 declined by more than 9% in December alone.

Q4 hedge fund letters, conference, scoops etc

Against this backdrop, Blue Mountain’s Credit Alternatives fund (BMCA) proved “resilient and uncorrelated,” both in the fourth quarter and throughout the whole of 2018, based on the figures contained in the fund’s 2018 letter to investors, a copy of which ValueWalk has been able to review. For more up-to-date hedge fund content, and exclusive access to value-focused hedge fund managers, check out ValueWalk’s exclusive value newsletter, Hidden Value Stocks.
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Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk