Credit hedge fund manager Daniel Posner is jointing Golub Capital, a USD4.5 billion credit asset management firm with a long history in middle-market direct lending, to develop and lead new credit strategies later this year.
Posner will oversee a new line of business for Golub Capital that will invest in long/short credit opportunities. A focus will be on opportunistic and distressed credit assets with particular emphasis on event-driven investment opportunities in the US and Europe. Posner will be President and Chief Investment Officer of the new line of business, which will be based in New York and operate under its own brand name.
Posner, 40, joins Golub Capital from DE Shaw, where he was a founder of the firm’s multi-billion credit opportunities investing business. Posner joined DE Shaw in 2002 and was a Managing Director and the Global Head of the firm’s Distressed and Credit Markets Investing Unit and Portfolio Acquisition Unit. He supervised a large team of investment professionals in the US, Europe and Asia focused on opportunistic credit opportunities and distressed secondary trading investments.
"Daniel has one of the best reputations in the credit hedge fund industry, and given the opportunity set in the current economic environment, we are very excited about partnering with him to establish these new strategies," says Golub Capital Vice Chairman David Golub.
Prior to his nine years at DE Shaw, Posner was a Senior Vice President for Intermarket Corporation, a hedge fund focused on distressed and undervalued companies. Posner also held positions at UBS, Deloitte, and Goldman Sachs. After earning a BA in Economics from Yeshiva University in 1991, Posner earned an MBA in Finance from the University of Chicago in 1994.
