Trade Winds – Hedge fund manager BlueMountain Capital Management has cut its stake in New York-listed DryShips to 5%, less than half the amount it owned in October.
The Andrew Feldstein-led financial firm told the US Securities & Exchange Commission (SEC) that as of 9 April, it held nearly 33.4 million shares in the company, which owns bulkers, tankers and most of driller Ocean Rig.
