Monday, 22 December 2014
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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.