Capula Adds Another Distressed Debt Expert

Jan 16 2013 | 10:41am ET

Capula Investment Management continues to build its distressed debt capabilities with its second high-profile hire in four months.

The London-based hedge fund snagged Haymarket Financial veteran Mark Berry last month to lead its special situations team. His addition follows that in September of Steven Heanley, a former Angelo Gordon distressed debt specialist. Both men report to Steven Zander, the former Bank of America trader Capula hired in June to lead its distressed-debt efforts.

Zander and Berry both formerly worked at HayFin and Merrill Lynch; Berry handled the corporate credit secondary market until his departure in June while Zander was formerly HayFin's chief investment officer. At Bank of America Merrill Lynch, Zander was global co-head of leveraged loans and distressed trading and Berry served as head of European and U.S. credit sales.

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