Hedge Funds

BlackRock hires Goldman Sachs PM for leveraged finance expansion


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 of leveraged finance product strategy, reporting to managing director Jim Keenan, a