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The Return of the Long Lock-Up?

Successful new launches from Andrew Feldstein's BlueMountain and Per Joseffson's Brummer & Partners suggest that investors are no longer afraid of parting with their capital for long periods of time.

       BlueMountain Capital's Andrew FeldsteinPhoto Credit: (Bloomberg)Are hedge fund investors starting to get comfortable with longer lock-ups again? It looks that way, if two recent offerings are any indication. On Wednesday, New York-based credit specialist firm BlueMountain Capital Management announced that it raised more than $1.4 billion for the BlueMountain Credit Opportunities Master Fund I

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