BlueMountain Capital continues to make headlines
US-based hedge fund BlueMountain Capital continues to make headlines, as it shuts down its flagship fund, while co-founder Stephen Siderow has announced he is leaving at the end of the year
All this comes a week after bond insurer Assured Guaranty agreed to buy the fund for $160m.
BlueMountain hit the headlines when, having made a major investment in Californian utility group Pacific Gas and Electric, it subsequently challenged the company’s management over plans to file for bankruptcy following accusations it was partly responsible for a number of wildfires in California.
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