Silver Point’s Trading Co-Head Abate to Retire From Hedge Fund

John Abate, partner and co-head of trading at Silver Point Capital, is set to retire by the end of the year after more than 15 years at the hedge fund, according to an investor letter.

Abate joined Silver Point in 2008, six years after former Goldman Sachs Group Inc. bankers Edward Mulé and Robert O’Shea founded the Greenwich, Connecticut-headquartered firm.

The credit veteran had already spent about eight years at JPMorgan Chase & Co’s distressed trading desk. Abate plans to “spend more time with his family and pursue personal interests” after leaving Silver Point, according to the ...