Primus Asset Management, a wholly owned subsidiary of Primus Guaranty, has entered into a definitive agreement to acquire CypressTree Investment Management, according to a press release.

In this light, Martha Hadeler and Robert Weeden, CypressTree partners and portfolio managers, will join Primus as senior portfolio managers and will assume responsibility for managing its loan and high-yield platform, including its CLOs. They will report to Thomas Jasper, Primus Guaranty’s chief executive officer.

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