| BlueMountain Capital Management LLC | |
| Headquarters | New York and London |
|---|---|
| Key People | Samuel Cole, Chief Operating Officer |
| Employees | 130 |
| Website | www.bluemountaincapital.com |
BlueMountain Capital Management LLC is a private investment firm with offices in New York and London. Its founders helped pioneer credit-default swaps.[1]
BlueMountain bought pieces of General Motors Corp.’s $4.5 billion credit line and purchased derivatives linked to GM’s unsecured debt that would pay out if the company defaults, according to a letter from BlueMountain to shareholders. (GM filed for bankruptcy protection on June 1, 2009.)
History
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