Ex-Bailout Exec. To Strategic Value Hedge Fund

May 18 2012 | 4:05am ET

The former head of the U.K. government's bank bailout fund has joined hedge fund Strategic Value Partners.

David Cooksey was named to the advisory board at the Greenwich, Conn.-based firm, founded in 2001 by Merrill Lynch veteran Victor Khosla, the Financial Times reports. SVP focuses on distressed debt strategies.

Cooksey was chairman of U.K. Financial Investments, which oversees the British government's stakes in bailed-out banks, from 2009 until his retirement in January.

SVP has some US$4 billion in assets under management.


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