HedgeCo.net  – NEW YORK – Ashish Shetty has joined M.D. Sass Corporate Resurgence private equity funds and M.D. Sass Re/Enterprise hedge funds as a distressed security analyst.

Previously, Shetty worked at CIBC World Markets as a Financial Analyst and was ranked in the top tier of his analyst class. Prior to CIBC, Shetty worked as a member of case teams for market due diligence, industry assessment and strategy review at Ernst & Young’s Investor Group Services. He graduated from Columbia University in 2004 with a BA in Economics-Mathematics.

“We welcome Ashish to the firm and wish him much success in his new position,” said Martin D. Sass, Chairman and Chief Investment Officer. “His experience on transactions across a broad range of industries primarily related to high yield, mezzanine, and senior secured bank debt financing to effect leveraged buyouts, leveraged recaps and refinancings will be a valuable addition to the M.D. Sass team.”

MD Sass has been a leading name in investment management since 1972. Today MD Sass and its affiliates have more than $8 billion in assets under management and employ over 100 people. The firm offers both traditional and alternative investment strategies in the form of private equity funds, hedge funds and substantial separately managed accounts. Its clients include major corporations, financial institutions, state and local governments, endowment funds, foundations, Taft Hartley funds and high net worth individuals.

For more information, visit www.mdsass.com