Strategic Value Adds Merrill Distressed Debt Exec.

Feb 13 2008 | 7:56am ET

Hedge fund Strategic Value Partners has lured a top Merrill Lynch distressed debt trader. Graham Goldsmith is joining the Greenwich, Conn.-based shop run by his former colleague, Victor Khosla, Bloomberg News reports.

Khosla, who established a distressed debt trading desk as a managing director at Merrill, founder Strategic Value in 2001. The firm manages about $5 billion.

Merrill reportedly sought to hold on to Goldsmith, who served as head of corporate principal investments. Goldsmith had been with the Wall Street giant since 1994.

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