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ICG CDO Chief To Step Down Next Year

08 Nov 2007

Sara Halbard, senior portfolio manager at Intermediate Capital Group, plans to leave the firm in June.

—Hugh Leask

Sara Halbard, senior portfolio manager at Intermediate Capital Group, plans to leave the firm in June. A spokeswoman for the London-based investment management firm denied the departure is a result of the current liquidity crisis, describing Halbard’s exit as a “personal decision to retire.”

Halbard currently runs the collateralized debt obligation effort at ICG’s fund management subsidiary ICML. She joined in 1999 from Bear Stearns, where she had run a proprietary trading desk focused on European high-yield bonds, distressed debt and special situation investments.

Plans for finding a successor for Halbard are in the works, according to the spokeswoman, but further detail could not be gleaned Thursday. Halbard could not be immediately reached for comment.

08 Nov 2007