Advent Capital Expands Team

Oct 20 2011 | 9:50am ET

New York-based Advent Capital Management has added four members to its team in four newly created positions.

Advent spokesman David Millar told Pensions & Investments the new hires include Andrzej Rojek, who has joined Advent as managing director in the marketing unit of the convertible and high-yield bond specialist.

Also joining are Marc J. Friezo, as associate portfolio manager for Advent Capital’s hedged convertible strategy; Thomas Cui, as a portfolio analyst for the hedged convertible strategy; and Douglas A.D. Teresko as associate portfolio manager for the company’s long-only convertible bond strategy.

Rojeck, Friezo and Cui all come to Advent from Lydian Asset Management where Rojek was co-founder and principal with responsibility for marketing, client relationships and business strategy; Friezo was a managing director and portfolio manager; and Cui was a junior portfolio manager. Lydian closed up shop in July.

Teresko comes to Advent from Credit Suisse’s global proprietary trading unit where he was director and head of relative value equity and also worked on convertible bond strategies.

As of September 30, Advent Capital managed $6 billion in convertible and high-yield bonds, largely for institutional investors.

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