Hedge Funds

Halcyon hires Goldman credit pro

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Steven Mandis, a portfolio manager for Goldman Sachs' proprietary credit portfolio in its fixed-income division, has joined Halcyon, the $2.5 billion hedge fund focusing on special situations and other strategies. Mandis will serve as a managing principal as well as vice-chairman and chief investment officer for its special credit and select opportunity funds. He has also been appointed to the firm's risk management and investment committees.

Mandis joined Goldman in 1992 and managed a multi-billion dollar portfolio for the firm's special situations investing group, a proprietary trading group within Goldman's fixed-income, currency and commodities division.

At Halcyon, Mandis will build