Cedarview Capital Management, a credit fund that expects to have $75 million under management by next month, has recently added a credit analyst to meet its growing asset base. Jeff Schachter, chief operating officer of the New York-based high-yield fund, said Cedarview recently brought on Stephen Wind, credit analyst from Bear Stearns, and is looking to continue hiring as the fund grows its assets.
The fund was launched earlier this summer with $50 million under management and employs a long/short strategy through which it invests in corporate bonds, credit derivatives and bank debt (BW, 8/9). Cedarview also plays in some distressed debt.
