Blackstone seeds Swiss Re veteran Marc Fussteig
February 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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