Alternatives

BlueMountain expands interest-rate strategies team

Colin H. Teichholtz joined credit specialist BlueMountain Capital Management on Tuesday as head of global governments and agency mortgage-backed securities, and senior portfolio manager.

The position is new, part of an expansion of the firm's investment capability in interest-rate strategies, said a company spokesman who asked not to be named. Mr. Teichholtz's team initially will focus on government debt in the U.S., Europe, Asia and emerging markets, as well as U.S. agency MBS.

Mr. Teichholtz reports to Andrew Feldstein, co-founder and chief investment officer of BlueMountain Capital.

Mr. Teichholtz was a partner and a co-portfolio manager at Pine River Capital, where he managed several fixed-income and relative value strategies.

Patrick Clifford, a Pine River spokesman, did not immediately respond to a request for information about Mr. Teichholtz's successor.

"With the changes in central bank interest rate policies, we believe this is an opportune time to strengthen our capabilities in interest rate products," said Mr. Feldstein in a news release.

"Colin's expertise from more than 25 years of successful trading and investing in U.S., Asian, European and emerging markets will be a major asset for BlueMountain," Mr. Feldstein added.

BlueMountain Capital Management manages $21 billion in hedge funds, private asset classes and customized strategies for a mostly institutional client base.