People Moves

Advent hires Lydian trio to strengthen convertibles business


US-based hedge fund group Advent Capital Management has made four key hires, including three veterans of convertible bond specialist Lydian Asset Management, in order to take advantage of attractive opportunities in the converts market.

Marc Friezo has joined as an associate portfolio manager on Advent’s Hedged Convertible Strategy. He was previously a managing director and portfolio manager at Lydian, overseeing all risk and investment management function for the firm from 2009 until last month.

Thomas Cui was a junior portfolio manager at Lydian and will support Friezo and the rest of the Advent team as a portfolio analyst.