Anchorage Capital Group, a New York-based hedge fund run by two former Goldman Sachs bank debt honchos, has hired Mike Aglialoro. He was a managing director and head of loan portfolio management for Scotia Capital.
Anchorage Capital 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 by Kevin Ulrich and Tony Davis. Ulrich previously ran Goldman's proprietary distressed bank debt desk and distressed bank debt trading. Davis was head of bank debt research at Goldman and was previously co-head of the firm's distressed bond business until fall 2002.
Aglialoro referred calls to Ulrich, who was traveling and unavailable for comment. A Scotia spokesman said, "We wish Mike the best in the future." He added that Aglialoro's replacement had not yet been announced. One market source said Scotia is currently searching for a replacement.