Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.
Monday, 5 December 2016
Last updated 2 days ago
May 5 2010 | 11:51am ET
Pardus Capital Management is planning a new corporate debt hedge fund.
The new vehicle would invest primarily in fulcrum debt, post-reorganization stocks and activist equity positions in the U.S., Europe and Latin America, HedgeFund.net reports. It will be more diversified that the firm’s existing fund, which invests much of its $1 billion in assets in just two technology companies.
Pardus recently added a senior analyst to cover distressed investments in Europe. Lutz Strober joined the New York-based activist shop last month.
The new Pardus fund will be seeded with between $15 million and $20 million by the firm.