Black Diamond Capital Management Expands Hedge Fund Team with Appointment of Kenneth Rubin as a Senior Managing Director and Hedge Fund Portfolio Manager

GREENWICH, Conn., Jan. 4, 2012 /PRNewswire/ -- Black Diamond Capital Management, L.L.C. ("Black Diamond"), a leading alternative asset management firm with over $10 billion in assets under management, today announced the appointment of Kenneth Rubin as a Senior Managing Director and Hedge Fund Portfolio Manager. Mr. Rubin will have responsibility for the hedge fund platform along with Stephen Deckoff, Managing Principal of BDCM. Mr. Rubin will be based in Black Diamond's Greenwich, Connecticut office.

Commenting on the appointment, Mr. Deckoff said, "I am excited to have Ken joining our team and am confident that with his demonstrated investment success and his deep experience in credit and distressed investing he will be a great asset to Black Diamond.  Ken will play a significant role in enhancing our hedge fund offering and his addition underscores Black Diamond's commitment to our hedge fund clients. With attractive opportunities presenting themselves in the market, we are excited to be able to enhance the team that will focus on continuing to deliver attractive returns, and I look forward to Ken's contribution to this effort."

"I am thrilled to be joining the Black Diamond team," stated Rubin. "With over fifteen years of success at its hedge fund, Black Diamond continues to deliver superior returns and its disciplined approach to investing and asset growth is a great foundation from which to build. I look forward to working with such a talented and committed group of people to continue that success."

Mr. Rubin has over twenty years of experience in the credit and distressed investing field. Most recently, he served as Managing Director and Co-Head of the Credit Group at Och-Ziff Capital Management Group, L.L.C. where he managed the U.S. corporate credit portfolio. Prior to Och-Ziff, Mr. Rubin was a Managing Director at Cerberus Capital Management L.P where he focused on stressed and distressed investing. Before that, Mr. Rubin was an Executive Director at CIBC World Markets where he published research and invested in distressed and special situations.  Previously, Mr. Rubin practiced bankruptcy law, having worked primarily at Weil, Gotshal & Manges. Mr. Rubin earned a J.D. from Columbia University Law School and a Bachelor of Science in Economics from The Wharton School of the University of Pennsylvania.

About Black Diamond Capital Management:

Black Diamond is a leading alternative asset management firm with over $10 billion in assets under management across four complementary investment platforms: control distressed/private equity funds, a hedge fund, mezzanine funds and CLO and other structured vehicles.  Founded in 1995, Black Diamond has offices in Greenwich, CT, Lake Forest, IL, and London, England.

SOURCE Black Diamond Capital Management, L.L.C.