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Tuckerbrook Alternative Investments recently had the first close of its global distressed fund-of-funds, with just south of $50 million.
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Beth MacLean will serve as the portfolio manager for leveraged loan investments at Lord Abbett & Co.
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Beth MacLean, formerly portfolio manager at Nomura Corporate Research and Asset Management, has left to join Lord Abbett & Co.
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Babson Capital Management hired Jeffrey Prince as a managing director responsible for collateralized debt obligation analysis and selection, and portfolio strategy and management, a new position.
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Robert Alloway, high-yield credit default swap trader, has taken over temporarily trading loan-only credit default swaps at Lehman Brothers, following the departure of Jeremy Vogelmann in July to join Barclays Capital (CIN, 7/31).
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Beth MacLean, formerly director and portfolio manager at Nomura Corporate Research and Asset Management, has joined Lord Abbett& Co. Robert Alloway, high-yield credit default swap trader, has taken over temporarily trading loan-only credit default swaps at Lehman Brothers, following the departure of Jeremy Vogelmann in July to join Barclays Capital
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BNP Paribas has hired Sonal Khot, a structured credit derivatives marketer from JPMorgan in New York.
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Michael Moravec has been promoted to managing director at Lehman Brothers.
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Stan Lim, who is believed to have worked in operations on the secondary loan trading side at JPMorgan, is leaving the bank to become a named partner at Sabharwal, Globus & Lim, formerly Herman, Sabharwal & Globus, a law firm that advises on legal issues related to the purchase and sale of distressed assets in the U.S. and abroad.