BlueMountain Capital Management LLC

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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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Products and Services

Key People

References

  1. BlueMountain Set to Earn $817 Million on Credit Swaps. Bloomberg.