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BlueMountain Capital Management adds to primary strategies team

Thursday, August 16, 2018
Opalesque Industry Update - BlueMountain Capital Management, a private diversified alternative asset management firm, today announced that Nitin Dewan has joined the firm's equities team as Portfolio Manager, Primary Strategies, effective August 9. In the newly-created position, Mr. Dewan will report to Lance Rosen, who joined BlueMountain as Head of Equities last year.

Mr. Dewan will be responsible for identifying both core and tactical long-short opportunities presented by the systematic mispricing of equities around capital market events such as IPOs and Follow-ons.

"The growth of our discretionary equities strategy further advances our plans to enhance our historic strengths, to adapt quickly to changing markets and to build new investment capabilities," said Stephen Siderow, Co-Founder and Co-President of BlueMountain. "Nitin will lead a compelling new sub-strategy within discretionary equities, complementing our current team and contributing to our collaborative multi-strategy investment approach."

"We're excited to welcome Nitin to BlueMountain," said Mr. Rosen. "His extensive expertise in evaluating opportunities presented by the equity capital markets is a major asset for our long-short equity strategy, which also covers industrials, energy, and financials, and will eventually include a range of other equity sectors."

Prior to joining BlueMountain, Mr. Dewan was Head of Event-Driven and Special Situations at BlueMar Capital Management, where he managed a strategy designed to capture alpha from systematic mispricings of stocks around equity capital market events. Previously, Mr. Dewan was a Primary Strategies Analyst at Alyeska Investment Group, a multi-billion-dollar equities fund, and held analyst positions at Shumway Capital Partners and Blackstone. He began his career at McKinsey & Company. Mr. Dewan received his M.B.A. from Harvard Business School and holds Bachelor of Technology and Master of Technology degrees in Microelectronics from the Indian Institute of Technology (I.I.T.)

Mr. Dewan's hiring is part of the expansion of the firm's fundamental long-short equities team led by Mr. Rosen. Earlier this year, Sanket Patel and Mahmood Reza joined as Portfolio Managers of Global Energy and Global Financials, respectively. BlueMountain also promoted Jared Gould from Senior Analyst to Portfolio Manager of Global Industrials and hired two analysts for the Global Industrials team and an analyst for the Global Energy team. The firm plans to hire more sector portfolio managers and supporting analysts in the coming months.

The expansion of fundamental long-short equity investment strategies complements the firm's quantitative and systematic equity investment strategies, led by Perry Vais.

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