Updated with correction
Morgan Alcalay, Evan Boulukos, Philip Hermann and Andrew Seiz joined BlueMountain Capital Management as portfolio managers to run a new relative-value fixed income hedge fund strategy.
The group reports to Colin Teichholtz, head of global governments and agencies mortgages, company spokesman Thomas Vogel said in an email.
"Investor and regulatory constraints, market fragmentation, large flows and issuance, and increased volatility, among other factors, are generating a broad array of temporary idiosyncratic dislocations, creating opportunities for relative value investing" in developed-nation debt, municipal bonds, U.S. agency mortgage-backed securities and emerging markets debt, Mr. Teichholtz said in a company news release.
Mr. Alcalay manages an interest rate strategy and is focused on relative-value investments in developed-nation government debt. He traded U.S. Treasury securities and Separate Trading of Registered Interest and Principal of Securities at Goldman Sachs Group (GS).
Mr. Boulukos is a municipal bond portfolio manager. He was a managing director in the municipal securities division of Citigroup.
Mr. Hermann is a portfolio manager for responsible investment in agency MBS, and Mr. Seiz is an emerging markets debt portfolio manager. Both were portfolio managers of similar strategies at Pine River Capital Management.
Patrick Clifford, a Pine River Capital spokesman, declined comment about successors for Messrs. Hermann and Seiz.