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Alternative Market Briefing

Update: Halcyon hires 3 professionals, AAMAC acquisition still in the works, Less risk, more kudos on the stock exchange

Monday, April 07, 2008

Opalesque Exclusive: Update: Halcyon hires 3 professionals, AAMAC acquisition still in the works Following the announcement last month that it would access the public markets through an acquisition by Alternative Asset Management Acquisition Corporation (see Opalesque Exclusive), Halcyon Asset Management LLC, a global asset management firm with over $11 billion under management, announced on Friday that Jerry Bailey had been named Executive Vice President of Finance and Operations. He has served as the CFO of several publicly traded companies and will be key to developing and implementing Halcyon’s new financial reporting and investor relations infrastructure, following the completion of Halcyon’s acquisition by Alternative Asset Management Acquisition Corporation (AAMAC).

Suzanne McDermott will also join the firm as Deputy Chief Compliance Officer and Senior Counsel at the end of April. Ms. McDermott has spent the past seven years as an Assistant United States Attorney in the Eastern District of New York, most recently in the securities fraud unit. Prior to that, she was a litigator in private practice.

Finally, Halcyon continues to expand its investment teams with the addition of Saman Shams as a Vice President in Halcyon Real Estate Investors L.P. Mr. Shams was most rece......................

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