BlueMountain Capital Management Hires Two New Investment Professionals to Establish European Presence; Firm to Open New London Office and Enter Growing European Market.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Jeremy Barnum to Head London Office, Paul Griffith to Serve as Senior Credit Researcher BlueMountain Capital Management, manager of the relative-value corporate credit fund, BlueMountain Credit Alternatives, with approximately $2.5 billion in assets, today announced that it has hired two investment professionals for the firm's London office, which will open later this spring. Jeremy Barnum and Paul Griffith join the firm as portfolio manager and senior credit researcher, respectively. "We've seen a surge in liquidity in the European markets over the past year, and feel that the time is right to establish a foothold in Europe," said Andrew Feldstein, BlueMountain's president. "With the recent increase in the number of liquid names and products (indices, tranches, options) now in Europe, our hiring of Jeremy and Paul shows our commitment to investing in the European credit markets." "Jeremy will use his significant market and leadership experience to establish and grow our operations in London. Paul will be an important addition to the credit research team extending its reach into the European auto and industrial sectors." said Stephen Siderow, the firm's chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . Jeff Burch, currently a Portfolio Manager with Blue Mountain in New York focused on the European markets, will join Jeremy and Paul in London. The firm's managing principals--Andrew Feldstein, Stephen Siderow, Alan Gerstein, Mike Liberman and Gery Sampere--will manage the firm's growth and volume by working out of both the New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. headquarters and the London office. About the New Executives Jeremy Barnum joins BlueMountain as a portfolio manager and head of the London office. Jeremy spent the last decade at JP Morgan, most recently as co-head of North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. Credit Trading. Previously, he ran North American Credit Derivatives Trading (high grade and high yield) from 2001-2004. Jeremy also served as a G7 currency options trader, traded emerging markets bond and index options, exotic derivatives, and investment grade credit derivatives. He received a BA, magna cum laude, in Chemistry from Harvard University in 1994. Paul Griffith joins BlueMountain as a senior credit researcher, covering autos and industrials. He arrives at the firm from Goldman Sachs where, until recently, he was Head of European Credit Research. Paul was ranked number one for autos coverage by Institutional Investor Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. magazine in 2002, and number two in 2003. He was ranked number one by Credit magazine for autos credit coverage last year. Prior to working at Goldman Sachs, Paul worked for Citibank's shipping finance group on a broad range of corporate finance activities for the bulk shipping and cruise industries. He served for seven years in the U.S. Army before retiring as a Captain in 1990. Paul received a BA from Davidson College and holds an MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration from the University of Virginia. Jeffrey Burch joined BlueMountain from Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. where he was a Principal working on the bank's proprietary debt trading desk Trading Desk A desk where transactions for buying and selling securities occur. Trading desks can be found in most organizations (banks, finance companies, etc.) involved in trading investment instruments such as equities, fixed-income securities, futures, commodities and foreign in London. Prior to this, Mr. Burch worked for Morgan Stanley for 5 years in New York, London, and Hong Kong. At Morgan Stanley he worked as a Vice President in the Corporate Bond Research group covering a variety of industries including Utilities, Energy, and Industrials. He attended Colgate University where in 1997 he obtained his BA in Economics. About BlueMountain Capital Management BlueMountain Capital Management, which manages the relative-value BlueMountain Credit Alternatives Fund serves primarily institutional investors. The Fund invests--both long and short--in the global credit markets, mainly through credit default swaps and other related credit derivatives. Its investment philosophy combines three vectors: fundamental credit research, quantitative analysis Quantitative Analysis A security analysis that uses financial information derived from company annual reports and income statements to evaluate an investment decision. Notes: and technical market knowledge and experience. The fund was launched in November 2003 by Andrew Feldstein, president; Stephen Siderow, chief operating officer; and Gery Sampere, head of credit research and portfolio manager. The Fund's manager is a registered investment advisor Registered Investment Advisor (RIA) is a designation obtainable in the United States by an individual who has registered with the U.S. Securities and Exchange Commission or state regulatory agency (where the primary business is situated or multiple States in some cases) in with the SEC (RIA (Rich Internet Application) A Web-based application that approaches the speed and elegance of a local application. An RIA may refer to a browser-based application that uses AJAX or another enhanced coding technique. ). |
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