Hedge Funds

Schultze adds portfolio manager Lupoff

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George Schultze's distressed-focused hedge fund shop in Westchester County, New York recently recruited veteran portfolio manager Peter Lupoff. The hire at Schultze Asset Management comes as the firm is seeing increased investor interest in the distressed arena, which has been one of the strongest sectors of the hedge fund universe of late.

Lupoff was formerly managing partner of the distressed shop, Tiburon Holdings, a group he founded.

In his new post as a managing director at Schultze, Lupoff's mandate is to help drum up investment ideas, trading and investment strategies for the firm's distressed portfolio.