Assured Guaranty has rebranded its asset management subsidiary, BlueMountain Capital Management, as Assured Investment Management.
Dominic Frederico, president and chief executive of Assured Guaranty, said: “The launch of this new brand furthers our goal of leveraging our capital through strategic business diversification. Serving an institutional investor client base.”
He added: “Assured Investment Management acts as both a source of fee-based revenue that complements our risk-based insurance premium revenue and as an in-house manager to generate improved investment returns for our insurance companies.”
Assured Investment Management has managed strategies spanning credit, global markets and private instruments for more than 15 years, and specialises in corporate and municipal debt and structured credit. It manages absolute return funds, private capital funds and customised single-investor funds. It also manages a portion of Assured Guaranty’s investable assets and cash, which stood at over $10 billion as at June 30, 2020.
Assured Guaranty acquired BlueMountain on October 1, 2019.
Assured Guaranty, BlueMountain Capital Management, Assured Investment Management, Dominic Frederico