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Funds
BlueMountain raises $250 million for new credit funds
Wednesday, April 7, 2010
BlueMountain Capital Management has announced that it has raised three new credit funds totaling $250 million. The BlueMountain Long/Short Credit Fund began trading in February, while this month the BlueMountain Distressed Fund started trading, as did a single-client fund focusing on securitised investments. The announcement adds that the New York-based firm aims to create a multi-client ABS fund by the end of the third quarter.
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Structured
CFlux secondary
CLO index levels:
| Index | 14 May |
|
| CFlux USD AAA | ↑ | 96.0 |
| CFlux USD AA | ↑ |
87.7 |
| CFlux USD A | ↑ | 85.1 |
| CFlux USD BBB | ↓ | 77.2 |
| CFlux USD BB | ↑ |
75.9 |
| CFlux USD EQ | ↓ | 76.7 |
