[5] Previously known as BlueMountain Capital Management, the firm has been owned since 2019 by Assured Guaranty, a publicly traded, Bermuda-based financial services holding company.
That same year, the firm launched its flagship relative value credit hedge fund with $300 million in assets under management.
[7] The company burnished its reputation in part by making "substantial profits" in 2012 in connection with JP Morgan's "London whale" trading loss .
[13] The firm has invested in Puerto Rican debt and has reportedly been active, including through DCI Group, in opposing efforts to give the commonwealth access to bankruptcy.
[14] After a debt relief program was passed by Congress in June 2016, a film company with reported ties to George Soros released two titles targeting BlueMountain, and specifically its holdings in Puerto Rico Electric Power Authority debt, among others for the impact of the financial crisis on health and education on the island.