400 Capital Hires Three

Nov 13 2012 | 11:26am ET

A New York credit hedge fund has added three employees across its operations.

400 Capital Management said last week that Dan Krup, Michael Zang and Steve Hemmes had joined the $500 million firm. Krup was named director of asset-backed credit and special-situations portfolio management, Zang director of quantitative analytic and systems programming and Hemmes an associate in 400's operations department.

Krup will handle "researching, sourcing and analyzing opportunities within consumer and commercial ABS portfolios and financings for the firm's various mandates," 400 said. Zang will focus on the firm's proprietary credit analytics, as well as integration within portfolio, risk-management and operational platforms.

Krup joins 400 from Western Asset Management. Zang most recently worked at Chicago Trading Co., and Hemmes at Sancus Capital Management.

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