Tuesday, 24 May 2016
Last updated 12 hours ago
Apr 4 2012 | 2:22am ET
Spring Mountain Capital has absorbed a distressed strategies specialist, adding the strategy to its own competence.
The New York-based investment firm has hired Garey Fuqua and his team at Ofelia Capital. Fuqua founded Ofelia, an investment boutique.
Fuqua, Thomas Brophy and Sandra Matthews will lead Spring Mountain's new high yield and distressed group, the firm said. Fuqua will lead the group, as managing director.
Spring Mountain has some $1.5 billion in assets under management.