Blue Mountain hit on distressed and special situationsMichelle Jones
Blue Mountain Credit Alternatives fund was down 1.77% gross for November and 10.72% for the first 11 months of 2019. The fund's fundamental credit strategy was the main loser during November with a 1.48% decline. The vast majority of that decline came in distressed and special situations. The structured credit strategy was also down 0.27%. Long/ short credit, which also falls under fundamental credit, was down 0.05%, while appraisal cases was up 0.03% for November.