BlueMountain Capital


BlueMountain Capital Management is a privately owned diversified alternative asset manager founded in 2003 and operating in the United States' and global investment industry.

Company

BlueMountain is a private company formed in 2003 with offices in New York and London. As of 2016, the company managed US$22 billion. BlueMountain manages multiple alternative asset classes, including CLOs, fixed income, healthcare private equity, and other alternative investments.
The company made a reputation in part by making trades with JPMorgan Chase in the wake of the 'London whale' trading loss in the bank's London branch.

Personnel

BlueMountain's chief executive officer and co-chief investment officer is Andrew Feldstein, who had a 10-year career at JP Morgan before co-founding the hedge fund. Harvard Professor and former Federal Reserve Board member Jeremy C. Stein was hired in 2015 as a consultant to BlueMountain.

Investment

The firm has invested in Puerto Rican debt and reportedly been active, including through DCI Group, in opposing efforts to give the commonwealth access to bankruptcy. After a debt relief program was passed by Congress in June, 2016, a film company with reported ties to George Soros released two titles targeting Blue Mountain, and specifically its holdings in Puerto Rico’s power authority debt, among others for the impact of the financial crisis on health and education on the island.