The Economist – Is a “bad bank” any good?

Is a “bad bank” any good? (via The Economist)

INVESTMENT banking’s trading businesses are a bit like the nuclear power plants of finance. When all is running smoothly, they hum along and throw out fantastic amounts of money. Yet if things go wrong, they go spectacularly wrong. And winding them…

Blue Mountain Credit Fund still in the red YTD; here are their biggest holdings

Blue MountainBlue Mountain Credit Alternatives Fund was up 0.36% for November, although the fund remains well into the red for the year. For the first 11 months, the fund was down 24.85% gross. Q3 2020 hedge fund letters, conferences and more Blue Mountain's fundamental credit strategy was up 0.63% for November, including a 1.09% gain for Read More

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