Advent Capital, a New York-based money manager with $1.7 billion mostly in convertible bonds, has hired Les Levi to manage and expand its high-yield asset pool. Levi left J.P. Morgan Securities late last year. He was a managing director focusing on high-yield bonds and loan origination. Prior to that, he ran the firm's high-yield telecom and media research group. Levi says he took the newly created position to work on the buy-side. He reports jointly to Odell Lambroza, a senior portfolio manager, and Tracy Maitland, Advent's ceo and founder. A call to Lambroza was not returned.
Buy-Side Shop Taps Ex-JPM MD For High-Yield