Arturo Cifuentes and Jonathan Polansky have left collateralized debt obligation shop Triton Partners in New York where they were portfolio managers. Cifuentes confirmed his resignation effective last Monday via e-mail, but did not respond to e-mails seeking further information. An insider at Triton confirmed Polansky's departure as well. Polansky could not be reached for comment. They both reported to Simon Mikhailovich, co-founding partner, and Michael Sollott, co-founder and cio. Sollott and Mikhailovich declined to comment.
A person at Triton familiar with the situation says the firm has been going through an internal reorganization to better integrate structured finance and credit. As a result, Sollott and Jim Wang, managing director, will co-manage the $300 million Triton CDO Opportunities I, a CDO of CDOs, formerly overseen by Polansky and Cifuentes. Sollott will continue to manage four other CDO funds at Triton, which represent a $1 billion portfolio of high-yield and bank loan CDOs. Wang had been recently promoted to play a growing role in the structured finance group, according to this insider. He adds that the departure of Cifuentes and Polansky is not related to Dan Arbess's recent decision to leave the firm. Arbess, one of Triton's founders, was no longer involved in structured finance at Triton, heading distressed loans. He recently left Triton last month to launch Xerion Capital Partners, a distressed investment firm.