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Morgan Creek hires credit strategist


Sam DeRosa-Farag has joined Morgan Creek Capital Management as a principal to lead the $9 billion firm's efforts in the credit sector.

DeRosa-Farag was previously president of Ore Hill Partners, where he was a member of the investment committee. He was primarily responsible for new initiatives including structured products and risk management. Prior to joining Ore Hill he was managing director of global leveraged finance strategy and portfolio products group and co-head of the high yield research department of Credit Suisse.

DeRosa-Farag commented, "In such volatile markets, our ability to develop and deliver unique, credit-related strategies and new investment