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Hedge Fund Halcyon Hires Bear Private Equity Exec.
April 7, 2008
Halcyon Asset Management has grabbed its new finance executive from the sinking ship that is Bear Stearns.
Jerry Bailey has joined the $11 billion multi-strategy hedge fund, which is preparing to go public in the third quarter, as vice president of finance and operations. The firm has also hired Suzanne McDermott, a former assistant U.S. attorney prosecuting securities fraud cases, as deputy chief compliance officer and senior counsel.
Bailey most recently served as a senior advisory director at Bear’s private equity group, Bear Stearns Merchant Bank, covering the financial technology sector.
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