CS Distressed Honcho Joins Hedge Fund

Feb 22 2007 | 10:26am ET

The head of special situations and distressed trading at Credit Suisse is joining hedge fund Strategic Value Partners.

Keith Lydon resigned his posts at CS last week, Reuters reports, to move the $4 billion Greenwich, Conn.-based fund. Michael Guy, Lydon’s co-head of special situations, will continue to run that group, while Dermot Murphy succeeds Lydon at the distressed trading desk.

In addition to Greenwich, Strategic Value has offices in London, Frankfurt and Tokyo.

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