Logan Circle Partners hired a former Bear Stearns Asset Management portfolio management team, led by Scott Pavlak, focused on enhanced cash and short- to intermediate-term duration strategies, said Jude Driscoll, Logan Circle’s CEO.
Logan Circle negotiated with JPMorgan Chase & Co., which bought Bear Stearns Asset’s parent, Bear Stearns Cos. Inc. in March, to bring over the team of eight financial and two client-service professionals, along with slightly more than $1 billion in client mandates, he said. Details of the deal weren’t disclosed.
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