• $32 billion money manager Angelo Gordon told investors its 'Super Fund' is up slightly for the year after big bets on Puerto Rican debt and Toshiba

    1 month ago - By Business Insider

    Angelo Gordon's $1.5 billion multi-strategy hedge fund, known as the Super Fund, has returned 3.4% through April, but a letter to investor says the firm has lost two portfolio managers that started the firm's liquid credit strategy.
    Michael Liebman and John Rudic resigned from the manager this quarter, the letter reads, after joining Angelo Gordon from Millennium in 2017.
    Out of the 12 strategies that feed into the Super Fund, only three have lost money so far this year, the letter states.
    For more stories like this, visit Business Insider's homepage.
    Angelo Gordon's Super Fund, a $1.9...
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  • BlueMountain's flagship fund is losing money so far this year even as the rest of the industry surges, and it's just the latest blow for the hedge fund

    BlueMountain's flagship fund is losing money so far this year even as the rest of the industry surges, and it's just the latest blow for the hedge fund

    1 month ago - By Business Insider

    Hedge fund BlueMountain Capital's Credit Alternatives fund posted nearly a 4% loss in the first quarter, an investor letter shows, while the rest of the industry gained nearly 6% on average.
    The roughly $11 billion fund did recover slightly in April, but has still lost money so far this year.
    It's the latest blow to BlueMountain, which has axed two of its three equity strategies this year and had a major investor say the manager's growth prospects have "declined significantly."
    For more stories like this, visit Business Insider's homepage.
    The turn of the calendar to 2019 has not been kind...
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