BlueMountain extends correlation fund range with CRV II

BlueMountain Capital Management has launched a new hedge fund, the Correlation Relative Value (CRV) II Fund, designed to exploit relative value opportunities in structured corporate credit.

"We continue to see demand for corporate credit risk from 'stable-handed' ratings-based buyers in the mezzanine part of the capital structure with little regard to the embedded leverage in the securities they purchase," says Bryce Markus, portfolio manager and managing principal at BlueMountain in New York.

"At

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