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  • Tony Malloy, a six-year veteran at New York Life Investment Management, has been promoted to senior managing director and head of NYLIM Securities Investment Group.
  • Fixed-income powerhouse III Offshore Advisors is planning to launch a credit derivatives arbitrage fund next month.
  • Bear Stearns has hired three new senior analysts for its fixed-income research team.
  • 40/86 Advisors has hired Tim Powell as its v.p. and director of private placement.
  • The Ohio Police & Fire Pension Fund has selected Lehman Brothers and Loomis Sayles to handle a $310 million high-yield bond mandate.
  • Rabobank International has hired Ronald Grobeck, managing director, from The Carlyle Group.
  • New York-based hedge fund firm Eidesis Capital is reopening its flagship Eidesis Structured Credit Fund Oct. 1.
  • Boston-based NewStar Financial, the firm founded by former FleetBoston corporate finance boss Tim Conway, has formed Newstar Credit Opportunities Fund with $150 million of equity capital.
  • Distressed debt shop DDJ Capital Management has hired Jim Kime, a credit analyst at $600 million hedge fund Feingold O'Keeffe Capital, as senior analyst.