The pace of hedge-fund dealmaking accelerated this
week as both BlueMountain Capital Management and Creighton
Capital Management agreed to sell minority stakes.
BlueMountain has sold an equity stake to Boston-based
Affiliated Managers Group, a publicly traded asset management
company. Creighton Capital sold a stake to Grail Partners, a
merchant bank specializing in the global investment management
The rapidly growing BlueMountain, of New York, manages
billions of dollars in a variety of credit strategies,
including correlation, intra- and inter-credit, index
arbitrage, credit/equity and equity volatility.
The firm has recently proven opportunistic, launching