Pentwater Capital Fixed Income Head Murphy Said to Departby
The head of fixed income investing at Pentwater Capital Management, Daniel Murphy, has left the hedge-fund firm, according to people with knowledge of the move.
Murphy, 40, departed this month, said the people, who asked not to be named because the move hasn’t been made public.
Pentwater, which makes bets on corporate events such as mergers, spinoffs and bankruptcies, reported regulatory assets of about $10.7 billion at the end of 2014, according to the firm’s latest Securities & Exchange Commission filing. The Evanston, Illinois-based firm was founded by Matthew Halbower in 2007.
Murphy has served on the board of the parent holding company of Momentive Performance Materials Inc., the chemical producer that emerged from bankruptcy on Oct. 24 after junior bondholders wrested partial control of the company from Apollo Global Management LLC.
He had been with Pentwater since August 2013 and also worked there between February 2008 and February 2011, according to a biography included in a Momentive regulatory filing. Before that, he was an analyst at Anchorage Advisors LLC, the filing shows.
David Zirin, chief operating officer of Pentwater, declined to comment. Murphy didn’t return messages left on his mobile phone or respond to an e-mail.