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Daniel Moses Joins Longacre

Daniel Moses has joined Longacre Fund Management, LLC effective, May 7, 2007, as a Managing Director with senior research analyst duties on Longacre's distressed strategies and primary responsibility for Longacre's special equities portfolios.

Prior to joining Longacre, Moses was a Director of Credit Suisse Group focusing on distressed/special situations research and investing. The addition of Moses, as well as the recent hiring of Xavier Demierre (formerly of Avenue Capital Group) as a research analyst with the firm's London-based affiliate Longacre Fund Management (UK) LLP, reflects Longacre's ongoing effort to further build the firm's core analytical and professional resources.

Longacre Fund Management, LLC was founded in 1998. With headquarters in New York, the firm and its affiliates (Longacre Fund Management (UK) LLP, Longacre European Fund Management, LLC, and LSE Fund Management, LLC) (collectively 'Longacre') manage approximately USD 2.4 billion in client assets.

Longacre is a fundamental specialist in US and European distressed debt, highly leveraged-credits and reorganized/stressed equities.

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