US-based hedge fund BlueMountain Capital pulled in roughly $2.3m as it sold shares on 22 and 23 March at between $4.04 and $4.09 per unit.
The sales still leave BlueMountain with 9.38 million shares worth $37.6m at TradeWinds’ deadline. These represent about 13.2% of the company.
BlueMountain is led by former JP Morgan executive Andrew Feldstein.
BlueMountain is also the third-largest holder in OSG spin-off International Seaways, which runs the fleet of international tankers hived off from the parent’s US-flag fleet last autumn.
With
