Friday, 24 February 2017
Last updated 2 hours ago
Oct 29 2008 | 12:23pm ET
New York-based Oak Hill Advisors has tapped a trio of ex-Lehman Brothers executives to beef up its structured products group. The firm has hired Goran Puljic, T.K. Narayan and Scott Snell to focus on investment opportunities in the credit markets.
Previously, the trio managed US$2 billion in structured credit assets, through both third-party fund vehicles and proprietary capital, at Lehman Brothers Private Equity.
“The investment opportunities in structured credit products are substantial, given the recent market dislocation, and can generate very attractive risk-adjusted returns over the next several years,” says Glenn August, Oak Hill’s president. “Our expansion into this market segment continues the growth of our business and is a natural fit with our 20-year history of value investing in corporate credit.”
Oak Hill Advisors currently manages more than US$11 billion of committed capital, including credit hedge funds, distressed funds, long-only funds and other specialty credit products.