Monday, 27 April 2015
Last updated 1 hour ago
Nov 12 2010 | 2:11am ET
Distressed investing hedge fund shop MatlinPatterson has hired a team of credit traders formerly of KeyCorp.
The $9 billion firm nabbed Craig Ruch and his team to manage corporate credit and municipal debt investments, the Financial Times reports. Ruch managed $20 billion in debt at KeyCorp, including the firm’s Absolute Return Credit Strategy. That fund rose 78% from its launch in June 2008 through this June.
Last year, the fund was up 30%.
MatlinPatterson was set up as a division of Credit Suisse in 1994 and was spun off in 2002.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…