The View From BlueMountain Capital Management



At the height of the 1994 interest rate derivatives crisis and just two short years into his career on the trading desk at JPMorgan, Andrew Feldstein received a worried phone call from his parents. Caught off guard by an about-turn in the Fed's interest rate policy, a series of derivatives users had suffered highly publicised losses, and newspaper editorials had taken to condemning derivatives products as the future cause of a vague and ill-defined financial apocalypse. Feldstein, a Harvard

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

If you already have an account, please sign in here.


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here