Leon Wagner, retired chairman of GoldenTree Asset Management, has joined credit hedge fund firm Trilogy Capital, according to a letter to investors.
Mr. Wagner's credit-focused investment firm, LWPartners, will merge with Trilogy and become a partner in the hedge fund manager, according to the Nov. 8 letter, a copy of which was obtained by Bloomberg. Mr. Wagner will be president of the combined firm, which is being renamed TrilogyLWP.
Jonathan Rosenstein, founder of Trilogy, will remain chairman, CEO and portfolio manager at TrilogyLWP, according to the letter. Barry Kupferberg will stay director of research and Jeremy Garber will still be chief operating officer. Mr. Wagner will be responsible for business strategy and development.
Mr. Wagner co-founded GoldenTree and worked there for 10 years before leaving in December 2010.
Bill Mendel, a spokesman for TrilogyLWP, declined to comment beyond the letter.
