Bloomberg – Samuel Cole has left BlueMountain Capital Management LLC, where he served as chief operating officer and co-head of trading for the $4 billion fund whose founders helped create credit-default swaps.
“He’s considering a variety of other options,” said David Kaiyalethe, a company spokesman.Michael Liberman has been named new chief operating officer, Kaiyalethe said. Cole, 40, helped guide the hedge fund through the changing landscape of privately traded over-the-counter derivatives, which are being transformed into a regulated marketplace after the contracts complicated efforts to resolve the financial crisis.
