Saturday, 26 July 2014
Last updated 13 hours 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…