Halcyon Asset Management has named Daniele Benatoff and Damien Miller as co-heads of Halcyon Asset Management (UK).
Benatoff has been with Halcyon since May and focuses on European mergers and special situation strategies. Miller will focus on European credit and will join the firm by year-end.
Additionally, the two co-heads will be among the portfolio managers for Halcyon funds dedicated to investing in European opportunities.
David Snyder, already a managing principal and portfolio manager of Halcyon Loan Management LLC, will continue leading Halcyon's European CLO efforts and bank loan strategies as head of Halcyon Loan Advisors (UK) LLP, a subsidiary of HLM and manager for Halcyon's CLO 2.0 European offerings.
Prior to joining Halcyon, Benatoff co-founded Benros Capital Partners in London, an event-driven hedge fund where he served as CEO and head of research from 2011 to 2013. Previously, he worked at Goldman Sachs International in London as executive director of Goldman Sachs Principal Strategies (GSPS) from 2004 to 2011.
Miller was most recently a managing director and global head of special situations at Alcentra, beginning in 2007, where he built out the firm's distressed and opportunistic credit investment business and acted as portfolio manager. He was previously a director and portfolio manager for the special situations group at Barclays Capital in New York.
"Both Daniele and Damien are extremely talented investors whom we have been watching for a long time," says John Bader, Halcyon's chairman. "They are uniquely well-equipped to represent us in Europe, and we are delighted that they have both decided to join us and serve as co-heads of Halcyon Asset Management (UK) LLP."