BlueMountain launches new closed-end credit correlation fund

Fri Oct 19, 2007



BlueMountain Capital Management, Andrew Feldstein’s $4.5 billion hedge fund firm, began trading a new closed-end hedge fund on October 1 designed to profit from opportunities in the structured corporate credit markets.

The new vehicle, called Correlation Relative Value II Fund, has $80 million in assets and is managed by Bryce Markus, a managing principal.

CRV...

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