Kellner Dileo Cohen & Co., a New York multi-strategy hedge fund, announced it has hired a portfolio manager and has promoted another to principal.
Katalin Kutasi, formerly of Alliance Capital Management, has joined KDC to manage its distressed and high yield portfolios. Kutasi had worked at Alliance since 1989, most recently as its senior restructuring professional. Brad Gustafson, also of Alliance, is joining the firm as an analyst. Gustafson worked with Kutasi at Alliance as a distressed securities analyst. Before that, he worked as an insolvency and creditors' rights attorney for 10 years, a role in which he