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JP Morgan's loss is Tudor's gain as a team of Bear Stearns distressed debt orphans lands

Tudor Investments has hired a bunch of the former Bear Stearns distressed debt group, including its two co-heads:

Tudor Investment Corp, a hedge fund group led by veteran trader Paul Tudor Jones III, on Tuesday said it hired the former co-heads of Bear Stearns' distressed debt group to build a new credit business.

Tudor, which manages over $18 billion, said Gregory Hanley and Alan Mintz, the former senior Bear executives, are joining the firm, along with other members of the Bear credit team including Mitchell Sussman, Eric Friel and Howard Norowitz.

Tudor hires former Bear distressed debt execs - Reuters

June 10, 2008 in Bear Stearns, Distressed, JPM Chase, Revolving Door, Tudor Investment |

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