Blackstone seeds Swiss Re veteran Marc Fussteig
By Lawrence Delevingne
Tue Feb 14, 2012
Arbitrage firm Orchard Hill Capital Management will launch in the first half of 2012.
Marc Fussteig, a former managing director for capital structure
arbitrage at Swiss Re, is preparing the launch of Orchard Hill
Capital Management in the first half of 2012, according to
people familiar with his plans. Orchard Hill, an entity set up
by the Swiss reinsurer to
unwind certain proprietary trading positions, has secured at
least $150 million from Blackstone's seeding arm, Blackstone
Alternative Asset Management.
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