Medley Acquires Credit Hedge Fund Viathon

Apr 4 2011 | 12:33pm ET

Hedge funds Medley Capital and Viathon Capital have joined forces, with the former acquiring the latter for an undisclosed amount.

The deal adds Viathon's event-driven credit strategy to New York-based Medley's lineup. Viathon focuses primarily on corporate credit in North America and Europe. The firm was founded five years ago by Marathon Asset Management veteran Robert Comizio, who is now a partner and senior portfolio manager at Medley Credit Strategies.

"This transaction combines the analytical and credit strengths of two organizations," Brooke Taube, co-founder and managing partner of Medley, said of the deal, which closed Thursday. "As a capital solutions provider to the middle market, the addition of Rob and his team will further enhance our debt- and credit-focused investment process and provides broader market perspectives and opportunities to both the borrower community and to our investors."

Medley has US$1.4 billion in assets under management.

At Marathon, Comizio was senior portfolio management of the Special Opportunity Fund.


In Depth

FINtech Focus: Fundbase Aims To Revolutionize Access To Hedge Funds

Jan 23 2015 | 11:03am ET

Global investment in financial technology—also known as fintech—is booming....

Lifestyle

Ex-Hedge Fund Billionaire Won’t Run For Senate

Jan 23 2015 | 5:48am ET

Ex-hedge fund manager Tom Steyer will not run for Senate after Sen. Barbara Boxer...

Guest Contributor

From Switzerland With Love: Some Hard Truths About Central Banks And Risk

Jan 23 2015 | 7:54am ET

In the wake of the Swiss National Bank uncoupling the country’s currency from...

 

Editor's Note