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