Hotchkis and Wiley hires new high-yield fund co-manager Mark Hudoff

By Devika Patel

Knoxville, Tenn., July 28 - Hotchkis and Wiley Capital Management announced that Mark Hudoff has joined the firm to co-manage the firm's high-yield bond strategy, including the Hotchkis and Wiley high-yield fund, with Ray Kennedy, who was hired in February.

Hudoff previously was an executive vice president, portfolio manager and head of global high-yield investments at Pimco. He started at Pimco as a credit analyst for the high-yield team and moved to Europe in 2000 to build and manage their European credit business.

Upon returning to the U.S. in 2004, Hudoff founded and developed Pimco's global high-yield practice, while also managing domestic high-yield portfolios. He has over 20 years of fixed-income investing experience.

Hudoff holds a bachelor's degree in economics from Arizona State University and a master's in business administration in finance from the University of Chicago School of Business.

"All of us at Hotchkis and Wiley are excited that Mark has joined Ray Kennedy to further strengthen our high-yield bond team," Hotchkis and Wiley's chief executive officer George Davis said in a press release. "Mark brings with him extensive experience and what we feel is an outstanding record. He and Ray form a formidable nucleus for this important new part of our business."

Hotchkis and Wiley is an investment management firm in Los Angeles.

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