Candlewood Hires RBS Special Situations Head

Jul 25 2014 | 9:34am ET

Hedge fund Candlewood Investment Group has snagged a former Royal Bank of Scotland trader.

Jon Weiss is set to join the $2.9 billion credit hedge fund later this year as a managing partner and portfolio manager, Bloomberg News reports. He was formerly head of RBS’ global special-situations group.

Prior to moving to RBS—where he was promoted to lead special situations two years ago—Weiss worked at Bear Stearns.

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