Company hires and sector developments

Credit platform nabs investment vet

B Riley Capital Management has named Tim Gramatovich as cio of its newly established credit platform, Gateway Credit Partners. The team will focus on identifying and acquiring undervalued securities in the non-investment grade corporate credit market and intends to implement its portfolio management services through actively managed CDO structures. Gramatovich has over 30 years of experience in the leveraged finance business and was previously co-founder and cio of Peritus Asset Management, where he was responsible for establishing the investment process that allowed the firm to issue several cashflow high yield bond CDOs.