Hedge Fund Waterfall Hires Akshay Dave for Corporate Credit

Structured credit-focused hedge fund Waterfall Asset Management has hired Akshay Dave as managing director and portfolio manager concentrating on corporate securities and special situations, including high yield and distressed debt.

• He began in mid-January and will report to Keerthi Raghavan, who leads the investment team across several credit-market asset classes, according to a person familiar with the matter
• Dave had been a managing director at EJF Capital for six years through December, where he was responsible for investments in financials, fintech, and commercial real estate, the person said. He also managed a fund focused on SPACs and served ...