West Mountain to Reduce European Debt Short

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West Mountain, LLC recalibrates its investment strategy away from the short side of the European sovereign debt market. Volatility is expected to increase.

West Mountain, an Atlanta-based asset manager, announced today that it is reducing its exposure to the short side of the European sovereign debt market in its flagship investment vehicle. West Mountain first allocated to the strategy in February 2010.

According to credit default swaps (i.e. insurance that investors can purchase against default) on Greece's sovereign debt, the probability of a Greek default within the next five years recently reached 98%. Management believes that while a Greek default is highly likely and other European countries may follow, the easy money on the short has been made. "Once the market catches on to a trade, it is usually time to redeploy capital away from it," says Paul Alar, Managing Director of West Mountain. "As we successfully demonstrated in this case, and during the sub-prime mortgage crisis, we are driven to remain one step ahead of the markets and position ourselves to benefit as the next domino falls."

About West Mountain, LLC

Based in Atlanta, GA, West Mountain, LLC pursues a global multi-advisor, multi-strategy approach to hedge fund investing. The company specializes in portfolio and capital protection and risk reduction. To learn more about West Mountain, LLC, please visit http://www.westmountainllc.com.

For additional information, contact Michael H. Pruner at (404) 885-5742 or mpruner(at)westmountain(dot)us.

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Michael Pruner
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