3 join Magnetar Capital's event-driven strategies unit
By Christine Williamson | November 13, 2012 4:14 pm
Credit specialists Andrew Beckman, Scott Giardina and Nicholas Heilbut were named to a new event credit strategy team for Magnetar Capital's global event-driven strategies unit, confirmed Melinda McMullen, a spokeswoman.
Mr. Beckman leads the team as head of the event credit strategy; Mr. Giardina is head trader; and Mr. Heilbut is the team's analyst. The team reports to Alec Litowitz, Magnetar's founder and CEO.
Mr. Beckman was co-head of multistrategy investing in Goldman Sachs' special situations group. Andrea Raphael, a Goldman Sachs spokeswoman, did not return a call seeking information about Mr. Beckman's replacement.
Mr. Giardina was head of U.S. and European trading at Mount Kellett Capital Management. Mark McGoldrick, Mount Kellett's principal and global chief investment officer, did not return a call regarding Mr. Giardina's replacement.
Mr. Heilbut was a senior analyst at Serengeti Asset Management, where his duties were assigned to others on his investment team, said Patrick Clifford, a company spokesman.
Magnetar Capital manages $9.3 billion in single and multistrategy hedge funds.