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 market volatility. The $7.2 billion vehicle is gearing up to buy asset and mortgage-backed bonds above everything else as it believes that these assets will…
Mauboussin Moves To BlueMountain As Firm Moves To Cash
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