Blue Mountain halts redemptions in credit flagship

Fri Nov 7, 2008

Although showing only a small loss for the year, Blue Mountain Capital Management temporarily halted redemptions this week at its flagship fund and proposed a plan that will offer incentives to those who stay and pain for those who elect to leave.

Under the plan, those who redeem shares will have to bear the full cost of selling assets in today’s distressed market, while those who stay will get a break on fees in exchange for...

ISSN: 2151-1845 / CDC10004H

Free Trial

Take a trial today and access

  • Performance news, fund launches, regulation changes and people moves
  • Profiles of fund managers, investors and distributors
  • Live league tables
  • Investor mandates

Popular Searches on HFI