BlueMountain Capital Management LLC

Revision as of 10:16, 29 September 2011 by RyanLothian (Talk | contribs)

BlueMountain Capital Management LLC
Headquarters New York and London
Key People Samuel Cole, Chief Operating Officer
Employees 130

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 manages BlueMountain Credit Alternatives Fund, a relative-value fund that serves primarily institutional investors. The fund invests--both long and short--in the global credit markets, primarily through credit default swaps and other credit derivatives. It was launched in November 2003 by Andrew Feldstein, Stephen Siderow and Gery Sampere.

BlueMountain Capital Management is also one of the hedge fund founders of CMDX, the joint venture between the CME Group and Citadel Investment Group to clear credit default swaps. The venture has been in the works for almost a year but has not yet begun clearing the swaps. [2]

BlueMountain had earlier 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.)


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Key People


  1. BlueMountain Set to Earn $817 Million on Credit Swaps. Bloomberg.
  2. New clearing venture gets big backers, big foes. Crain's Chicago Business.
Last modified on 29 September 2011, at 10:16