Halcyon builds team as it prepares to be acquired

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Halcyon Asset Management, a global multistrategy firm in New York with more than $11 billion in assets, has hired several new executives as the firm prepares to go public via acquisition by a blank-check company. The proposed acquisition, by Alternative Asset Management Acquisition Corporation, was announced on March 13.

Joining Halcyon as executive vice president of finance and operations is Jerry Bailey. Bailey had been a senior advisory director at Bear Stearns Merchant Bank, the private equity arm of Bear Stearns. He has also served as chief operating officer and chief financial officer of NYMEX.

John Bader, co-chair of