Alternative asset placement agent Park Hill Group is taking on a new client.
A source familiar with the situation said that recently opened hedge fund MeehanCombs has been selected as its credit manager because of the hedge fund’s focus on credit opportunities in Europe as well as in the U.S.
The Greenwich, Conn.-based MeehanCombs was launched last month by industry veterans Eli Combs, Matt Meehan and Jim Plohg. Park Hill is a subsidiary of Blackstone Group.
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