BlueMountain Was One of the Biggest Losers of the First Quarter

The hedge fund firm suffered as PG&E’s stock sank — but it may now be recouping its losses.

(David Paul Morris/Bloomberg)

(David Paul Morris/Bloomberg)

BlueMountain Capital Management — the hedge fund firm fighting a proxy battle over the future of bankrupt California power company PG&E — has another problem.

Its main fund, BlueMountain Credit Alternatives, is down 4 percent for the year through April 5, according to HSBC’s weekly hedge fund performance report.


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