Capula Hires Angelo Gordon Exec. For Distressed Debt

Sep 12 2012 | 10:29am ET

Capula Investment Management has added an Angelo Gordon & Co. distressed debt specialist as it seeks to boost its capabilities in that space.

Steven Heanly joined the London-based hedge fund as a senior portfolio manager on Monday. He'll work with former Bank of America trader Steven Zander, whom Capula, which has US$13 billion in assets, added in June for its distressed-debt effort, Bloomberg News reports.

Heanley had been head of European special-situations investing at New York-based Angelo Gordon.

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