BlueMountain Capital Management LLC sold $3.91M worth of shares in Overseas Shipholding Group, Inc. in June 2018

Jul 08, 2018
Insider Transactions
Background Information
Overseas Shipholding Group, Inc. engages in the provision of energy transportation services for crude oil and petroleum products in the U.S. Flag markets. It operates Articulated Tug Barges (ATB), lightering ATBs, shuttle tankers, Medium Range (MR) tankers, and non-Jones Act MR tankers that participate in the maritime security program. The company was founded in 1948 and is headquartered in Tampa, FL.
BlueMountain Capital Management specializes in investments in credit derivatives (including credit default swaps), corporate and convertible bonds, loans (including corporate loans), CDOs and other ABS and asset-based financing arrangements. Credit derivatives may relate to individual reference entities or to baskets or portfolios of reference entities (including levered or delevered tranches of such portfolios or baskets). The firm's advisory services also include advice regarding investments in equities or equity derivatives, including in connection with their trading strategies and using interest rate derivatives (including futures, swaps and swaptions) and government securities to hedge interest rate risk and to spot and forward foreign currency contracts to hedge currency exposures.BlueMountain's investment strategies can be grouped into the following categories: Long/Short Credit North America; European Credit; Distressed and Special Situations; Long / Short Equity; CLOs; ABS; Synthetic Structured Credit; Mortgages; Commercial Real Estate; Volatility and Cross Markets; Index and Bond; and Systematic Trading.
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