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BlueMountain launches new credit fund

August 10, 2007  



BlueMountain Capital Management began trading a new fund designed to take advantage of credit market volatility on August 1.

BlueMountain Defensive Credit Fund, managed by Charles Kobayashi, aims to profit from further decompression of spreads between higher and lower quality assets. The spreads between high- and low-grade assets have recently compressed on technicals as subprime woes spread...

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