Financial Times FT.com

Blue Mountain freezes withdrawals

By Henny Sender in New York

Published: November 4 2008 00:13 | Last updated: November 4 2008 00:13

Blue Mountain Capital Management is suspending withdrawals from its $3.1bn Credit Alternatives Fund, becoming the latest hedge fund firm to do so.

Unlike other hedge funds that have seen redemptions soar due to poor performance, Blue Mountain has done relatively well.

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