The retired chairman of GoldenTree Asset Management has joined credit hedge fund firm Trilogy Capital.
Bloomberg reported that Leon Wagner, who co-founded New York-based GoldenTree and worked there for a decade before leaving in 2010, will merge his credit-focused investment firm LWPartners with Trilogy. Wagner will become a partner and president in the combined entity, which will be renamed TrilogyLWP.
Jonathan Rosenstein, who founded Connecticut-based Trilogy, will remain chairman, chief executive officer and portfolio manager at TrilogyLWP.
Trilogy has about $450 million in assets under management.