Hedge Funds

Mellon HBV hires risk manager, unveils investment outlook

by

Arbitrage and special situations shop Mellon HBV has hired Robert Mackie as chief risk officer for the $1.2 billion firm, a new position. Mackie, previously with the entertainment industry-focused investment banking firm Allen & Company Inc., will monitor positions and assess overall market exposure as part of his responsibilities in managing overall risk within the firm.

The firm also recently revealed its outlook for how distressed, event driven and merger arbitrage strategies will perform over the next year. Factors that will prove to be a boon over the coming year include the fact that the flow of Chapter