BlueMountain Capital Management LLC
|BlueMountain Capital Management LLC|
|Headquarters||New York and London|
|Key People||Samuel Cole, Chief Operating Officer|
BlueMountain is one of the hedge fund founders of CMDX, the joint venture between the CME and Citadel to clear credit default swaps.
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.)