Advent Capital adds four to develop teams in convertible bond market

By Ashley Montgomery

Kansas City, Kan., Oct. 19 - Advent Capital Management LLC announced that it hired four professionals to expand its investment platform in the convertible bond market.

Advent has hired Marc J. Friezo, Andrej Rojek and Thomas Cui, all formerly of Lydian Asset Management. The firm has also hired Douglas A.D. Teresko from Credit Suisse.

"These new hires represent Advent's commitment to continuing the development of both the hedged and long only sides of our business: Marc and Andrej bring strong quantitative backgrounds to our team, which will complement our fundamental research driven approach to convertible bond investing, and Doug and Thomas bring years of experience and valuable expertise to our platform," Tracy Maitland, president and chief investment officer, said in a news release.

Friezo will be an associate portfolio manager for Advent's hedged convertible strategy. He has previous experience as managing director and portfolio manager.

Cui will aid Friezo and his team in the position of portfolio analyst. He has experience as a junior portfolio manager.

Rojek will be managing director of Advent's marketing team. He has previous experience in business strategy, client relationships and marketing. He also cofounded Lydian Asset Management.

Teresko will be an associate portfolio manager for long only convertible strategies. He has previous experience in supervising relative value and convertible bond strategies.

Advent Capital is an investment adviser based in New York.

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