MatlinPatterson Hires KeyCorp. Credit Team

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.


In Depth

Malik: The Science of Deal Sourcing 201

Aug 27 2015 | 5:35pm ET

Deal sourcing is understandably a hot topic among private equity firms because it...

Lifestyle

Rolling Art Advisors Marketing Collectible Car Fund As Uncorrelated Alternative

Aug 27 2015 | 6:47pm ET

A new fund is trying to provide investors with greater access to an emerging asset...

Guest Contributor

Agecroft Partners: Hedge Fund Industry Assets to increase $250B by Summer 2016

Aug 11 2015 | 11:29am ET

Assets will continue to flow into the hedge fund industry despite long-standing...

 

Editor's Note