Hedge fund cuts DryShips

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.

Read Complete Article

This entry was posted in Syndicated. Bookmark the permalink.

Leave a Reply