Andrew Feldstein
Andrew Feldstein was recently the Co-Founder, CEO and Chief Investment Officer of BlueMountain Capital Management, an investment firm he co-founded in 2003. Under his leadership, BlueMountain grew into a diversified alternative investment manager with over $20 billion assets under management at its peak. BlueMountain was acquired by Assured Guaranty in 2019 for $160 million, following the hedge fund's fall the previous year. Before that, Feldstein spent a decade at JP Morgan, where he held a variety of roles across the organization, including Head of Structured Credit; Head of High Yield Sales, Trading, and Research; and Head of Global Credit Portfolio. Feldstein recently retired from a thirty-year career in the financial markets. He serves as the lead outside Director for PNC Financial Services and is a Member of the Harvard Law School Dean's Advisory Board.
Andrew Feldstein Professional Experience / Academic History
Professional Experience
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Co-Founder, Chief Investment Officer, Partner
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Managing Director
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Associate
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Associate Consultant
Academic History
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J.D., Law
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B.A., Economics
BLUEMOUNTAIN & JP MORGAN
His BlueMountain Capital Management fund made $US300 million in 2012 betting against a former employer, JPMorgan Chase & Co., which was embroiled in the infamous London Whale credit securities scandal.
He sold his credit firm and its $US19 billion asset base to an insurer, Assured Guaranty, for a bargain price of $160 million.
BlueMountain got a $US500 million investment into its funds from Assured Guaranty, along with $US90 million in working capital.
Feldstein received $US22.5 million of Assured stock as part of the deal.
PREVIOUS APPOINTMENTS
Board Member, Santa Fe Institute
MEDIA & PUBLICATIONS
Feldstein has been featured or quoted in various financial media outlets and publications.
He has appeared in Forbes, Bloomberg, Business Insider, CNBC, Financial Times, Reuters, the Wall Street Journal, Barron's, Yahoo! Finance, and more.