Hedge Funds

Ore Hill names president

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Ore Hill Partners of New York has hired a Credit Suisse managing director to step into the role of president, a new position.

Sam DeRosa-Farag will be in charge of Ore Hill's business development strategies, including its structured products initiative. He is also charged with expanding the firm's expertise in its core business lines, including collateralized debt, bond and bank loan obligations. In addition, DeRosa-Farag will sit on Ore Hill's investment committee and act as the firm's public face for investors.

"I am delighted to join Ore Hill as it continues to grow and expand its investment opportunities,"