BlackRock hires Goldman Sachs PM for leveraged finance expansion

By Rob Copeland

Mon Aug 6, 2012



David Frechette had been at $6 billion Liberty Harbor since 2006.


 
  David Frechette (Photo: FC Look)

BlackRock is planning an expansion of its leveraged finance group, and has brought aboard a senior portfolio manager from Goldman Sach Asset Management's $6 billion Liberty Harbor hedge fund to help lead the charge, according to a person familiar with the plans.

David Frechette, a five year Goldman veteran, resigned last week from Greenwich, Conn.-based Liberty Harbor to make the move to BlackRock in Manhattan. At the New York asset management firm, he will be head...

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