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

Dillon Eustace: The Advantages of ICAVs

Feb 11 2016 | 7:51pm ET

As the growth of alternative investment vehicles continues, global asset managers...

Lifestyle

Citadel's Ken Griffin Donates $40M To New York's Museum of Modern Art

Dec 22 2015 | 9:23pm ET

Citadel founder Ken Griffin has donated $40 million to New York’s Museum of Modern...

Guest Contributor

Hedging Against Reputational Risk in the 21st Century

Feb 12 2016 | 7:18pm ET

For investors, the first step in researching a new fund or manager is to google...