Private Equity Firm Names Hedge Fund Chief

Apr 10 2008 | 12:32pm ET

Private equity firm Sun Capital Partners has added a debt-trading veteran to run its hedge fund unit.

Michael Satzberg was named managing director of the $1.3 billion Sun Capital Securities Fund, a hybrid hedge fund focusing on distressed investing. He will be responsible for the development and management of the fund’s distressed debt and loan portfolio.

“With almost 20 years of bond trading and investing experience, Mike’s background will be extremely valuable as we focus our efforts on expanding our investment activity in distressed debt and loans,” Rodger Krouse, co-CEO of Sun Capital, said.

Satzberg joins Sun Capital from Jefferies & Co., where he headed trading and principal debt investments for several industry sectors. Before joining Jefferies in 1992, he managed a high-yield distressed bond closed-end fund for 1838 Investment Advisors.


In Depth

Q&A: Old Hill's Stone On Private Debt, P2P And Credit Bubbles

Jun 6 2017 | 7:52pm ET

While institutional capital continues to flow into the broader private debt sector...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: Asia-Focused Hedge Funds Offer Great Opportunities

Jun 23 2017 | 3:33pm ET

Emerging market strategies have outperformed their developed-market peers for five...

 

From the current issue of