Bloomberg reports that the firm, now known as Napier Park Global Capital, will provide an office to Havens at its headquarters in Manhattan, Mickey Mandelbaum, a spokesman for the $5.6bn hedge fund, said in a phone interview.
Havens will focus on senior-client relationships and generate ideas for how to expand the business, which spun out of Citigroup last year.
The role is a reunion for Havens and Napier Park managers Jonathan Dorfman and James O’Brien, who joined Citigroup in 2007 after working at Morgan Stanley for about two decades. Before leaving Citigroup, Havens and Pandit oversaw the design of Napier Park’s spin out, an arrangement that gave managers including Dorfman and O’Brien 75% of the investment firm for free, people with knowledge of the plan said at the time.
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