Mauboussin Moves To BlueMountain As Firm Moves To Cash
BlueMountain Capital, the $23 billion private absolute return investment firm is preparing itself for its significant bout of market volatility which will throw up plenty of fresh opportunities according to a recent letter to shareholders.
The BlueMountain Credit Alternatives Fund traditionally holds around 10% to 12% of its assets in cash but recently doubled its cash weighting to around a quarter of assets under management to position the fund for a likely uptick in financial . . .
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