Deerfield Capital hired a former Pimco high yield bond trader as part of an effort to launch new products and grow its trading capabilities, the Chicago-based asset manager announced Wednesday.

The firm said it hired Mitch Wilner as a managing director and portfolio manager. Wilner was most recently with Pacific Investment Management (Pimco), where he served as a junk bond trader and portfolio manager. Prior to Pimco, he was a senior high yield trader with Northwestern Mutual. He has also worked as a high yield bond trader with Deutsche Bank Scudder Investments.

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