Assured Guaranty Rebrands BlueMountain
Assured Guaranty Ltd. has rebranded BlueMountain Capital Management as Assured Investment Management.
The company said, “Assured Guaranty Ltd. [together with its subsidiaries, Assured Guaranty], the leading financial guaranty insurance company, announced today that it has rebranded its asset management subsidiary as Assured Investment Management LLC [Assured Investment Management]. Assured Guaranty acquired the subsidiary, previously named BlueMountain Capital Management LLC, on October 1, 2019.”
“Assured Investment Management reflects the complementary strengths of a widely respected alternative asset management firm and Assured Guaranty, the world’s premier financial guarantor,” said Dominic Frederico, President and CEO of Assured Guaranty.
“The launch of this new brand furthers our goal of leveraging our capital through strategic business diversification. Serving an institutional investor client base, 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.”
“The Assured Investment Management team has managed strategies spanning credit, global markets, and private instruments for more than 15 years,” said David Buzen, Chief Executive Officer and Chief Investment Officer of Assured Investment Management.
“The launch of the Assured Investment Management brand is an important milestone, signifying our role as an integral element of Assured Guaranty’s strategy and our focus on growing our investment management business.”
