New York-based Blue Mountain’s Credit Alternatives fund has scored some notable successes shorting the market using credit default swaps (CDSs) – notably the credits of companies it believes are targets for leveraged buy-outs. And now it is expanding its trades into the European credit markets; an effort spearheaded by a new London team.
Last month, Blue Mountain profited from a short position on Temple Inland, a Texas-based paper products company (see chart). Géry Sampéré, head of credit lon
The week on Risk.net, July 14–20, 2017Receive this by email