Sculptor sold to real estate firm
Rithm Capital, New York-based real estate manager, is buying Sculptor Capital Management, the hedge fund firm formerly known as Och-Ziff, in a $639m takeover.
Goldman loses Salisbury to Sixth Street
The asset management unit at Goldman Sachs has lost CIO Julian Salisbury to Sixth Street, based in San Francisco. He had been with the investment bank for a quarter of a century.
Balyasny hires Dubai chief
Balyasny Asset Management has appointed Tarek Rizk , former alts chief at Abu Dhabi Investment Authority, to lead its Mena market presence based in Dubai International Finance Centre (DIFC). He will be responsible leading the firm’s expansion across the Middle East.
Angelo Gordon hires from Tilden Park
Angelo, Gordon & Co, the $73bn credit manager, has hired David Busker as head of commercial real estate debt in its structured credit team. He most recently led commercial real estate strategies and served as a portfolio manager at Tilden Park.
In addition, Marc Lessner and Xavier Dailly, managing directors at Angelo Gordon, have been appointed co-deputy PMs of the firm’s open-ended structured credit fund. T.J. Durkin, head of structured credit, and Yong Joe, the team’s head of structured credit research, continue to lead the fund as co-PMs.
Aaron Ong – a 17-year veteran of the firm – has been named head of private asset based credit. Additionally, Sunil Kothari – who joined Angelo Gordon in 2019 – has been appointed head of European ABS.