(Reuters) Pine River Capital Management has lost a veteran portfolio manager and his team to rival Paloma Partners, three people familiar with the move said on Friday, the latest in a string of exits from the U.S. hedge fund. Michael O’Connell, who ran Pine River’s capital structure arbitrage strategy, which seeks to profit off different valuations between a company’s debt and equity, took with him a team that included Joel Nelson, who had been a portfolio manager, James Sura, who had been a trader, and Gabriel Diaz, who was a credit analyst, said the people, who were not authorized to speak publicly about personnel matters.
Hedge Fund Pine River Manager O’Connell Leaves For Paloma Partners
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