GoldenTree Names Ornstein Co-Head Of Trading

Aug 30 2012 | 3:41am ET

Hedge fund GoldenTree Asset Management has added a Morgan Stanley distressed-trading veteran to lead its own trading business.

The New York-based hedge fund named Daniel Ornstein co-head of trading, alongside Corey Geis, Bloomberg News reports.

Ornstein was head of North American distressed trading at Morgan Stanley.

GoldenTree specializes in leveraged loans, high-yield debt and collateralized loan obligations. The firm, which has $16 billion in assets, raised a $590 million CLO with Bank of America last week.

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