Tudor Hires Former Heads of Bear Stearns Debt Group

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Tudor Investment Corp., the $18 billion hedge-fund manager founded by Paul Tudor Jones, hired former Bear Stearns Cos. executives Gregory Hanley and Alan Mintz to establish a credit-related investment unit.

Hanley, 46, and Mintz, 47, were senior managing directors and co-heads of Bear Stearns's distressed-debt group, Greenwich, Connecticut-based Tudor said in a statement today. Their unit will operate within Tudor and could be spun off as an independent business, the statement said.