Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.
Friday, 2 December 2016
Last updated 19 hours ago
Feb 11 2009 | 2:38am ET
Aladdin Capital Holdings has launched a hedge fund designed to take advantage of higher interest rates being charged by the shrinking debtor-in-possession industry.
The Stamford, Conn.-based firm’s DIP fund will be run by Victor Russo, formerly of CIT Group, and Luke Gosselin, formerly of Goldman Sachs. The firm said the financial crisis has forced many traditional DIP lenders, notably General Electric, to reduce their lending or cut off the flow of funding entirely.
“This provides a tremendous opportunity to capture meaningful market share,” Neal Neilinger, Aladdin’s chief investment officer, said in a statement. “The DIP fund will participate, structure and lend directly into both large-cap and mid-cap facilities.”