Hedge Funds

Onex taps Clayton Cheek to head institutional marketing

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The former Martin Currie and Man Group sales executive will fill a new role for the specialty credit manager.

Onex Credit Partners, the alternative asset management arm of Toronto private equity firm Onex, has hired Clayton Cheek as head of institutional relationship management and marketing, a new position. In this role, Cheek will be working with pension funds, nonprofits and institutional consultants.

Onex, a specialty credit manager based in Englewood Cliffs, N.J., manages $1.5 billion in assets, with $750 million in hedge funds and the remainder in bank loans and long-only high yield strategies. The firm’s flagship Onex Debt Opportunity Fund employs a long/short event-driven credit strategy. Onex also manages the OCP Senior Credit Fund, which