Anchorage Capital Group, a New York-based startup run by two former Goldman Sachs bank debt honchos, has hired Mike Aglialoro, a managing director and head of loan portfolio management for Scotia Capital.
The firm’s Anchorage Capital fund invests in various types of debt instruments as well as equities with a focus on leveraged issuers and special situations in North America and Europe. The fund was launched in July 2003. Anchorage’s ceo is Kevin Ulrich, who previously ran Goldman’s proprietary distressed bank debt desk and also ran distressed bank debt trading.
Ulrich was traveling and unavailable for comment. Aglialoro did not immediately return a call. “We wish Mike the best in the future,” said David Scott, a Scotia spokesman. He added that Aglialoro’s replacement had not yet been announced and declined to reveal the size of the bank’s loan portfolio.