David Dwyer joined credit hedge fund specialist Saba Capital Management as managing director and the firm’s first head of marketing.
Saba Capital was founded in 2009 and launched its first hedge fund in August. The hedge fund now totals $700 million, a significant portion of which is managed for institutional investors. The firm’s spokesman, who asked not to be named, declined to identify any of the institutional investors.
Mr. Dwyer was a managing director in the marketing department of hedge fund manager Renaissance Technologies until his departure in May, confirmed a RenTech spokesman who requested anonymity. He was not replaced, the spokesman said.