Bluemountain Loses Senior Investment Adviser, Senior Trader

(Reuters) More executives have departed BlueMountain Capital Management as the hedge fund posted disappointing results last year, two people familiar with the matter said on Wednesday.The latest to leave the $22 billion firm were Derek Smith, a partner and senior investment adviser who has been with BlueMountain since 2008, and Dave Gibbs, a senior credit trader at the firm since October 2004. Both left in December. “Like any company, BlueMountain undergoes changes in the make-up of its team that reflect the needs of investors and market dynamics,” a spokesman said in an emailed statement on Wednesday.

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