New York-based hedge fund Candlewood Investment Group has hired a pair of top executives from two other hedge funds.
The distressed debt, special situations and structured credit specialist named Al De Leo head of trading and Gurdev Dillon chief financial officer. De Leo was a portfolio manager at Marathon Asset Management, while Dillon was CFO at Archer Capital Management.
"We are excited to expand our team with two professionals of such high caliber," Michael Lau, CEO of the $850 million firm, said. "Al and Gurdev join Candlewood in key areas of the business and further enhance our ability to serve the best interests of our clients."