NEW YORK, Feb. 18, 2011 /PRNewswire/ -- Candlewood Investment Group, LP, an SEC registered investment advisory firm, has filled two key roles as it continues to expand its team. Effective immediately, Al De Leo has been appointed Head of Trading and Gurdev Dillon has been named Chief Financial Officer.
Mr. De Leo was formerly a portfolio manager at Marathon Asset Management and has more than 25 years of industry experience.
Mr. Dillon was formerly at Archer Capital Management where he served as Chief Financial Officer.
In announcing these assignments, Candlewood CEO & Managing Partner, Michael Lau, said, "We are excited to expand our team with two professionals of such high caliber. Al and Gurdev join Candlewood in key areas of the business and further enhance our ability to serve the best interests of our clients."
Candlewood has assets under management of over $850 million, focusing mainly on distressed debt, special situations and structured credit. Mr. Lau and David Koenig are the Managing Partners and Co-Founders. The firm is headquartered in New York City at 777 Third Avenue.
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This report may contain written or oral "forward-looking statements" within the meaning of the U.S. federal securities laws. All forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties and other factors, many of which are outside Candlewood's control, which could cause actual results to differ materially from such statements. In particular, statements using words such as "may", "should", "estimate", "expect", "anticipate", "intend", "believe", "predict", "potential", or words of similar import generally involve forward-looking statements. Candlewood undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Readers are cautioned not to place undue reliance on these forward-looking statements, which are subject to significant uncertainties and speak only as of the date on which they are made.
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SOURCE Candlewood Investment Group, LP