Mudrick Capital hired Thomas Bachner as its president, tasking him with managing the non-investment functions of the firm.
Bachner had been global head of institutional partnerships and distribution at Bridgewater Associates, a firm he joined in 2003.
“We are excited that Tom Bachner has joined the Mudrick team at this important point in our firm’s evolution,” said Jason Mudrick, founder and CIO of the $3.4 billion firm that bears his name, in a statement. “His extensive experience and deep understanding of the institutional business development and client services facets of a firm like ours will be invaluable as we move forward, particularly as the opportunity to set in event-driven and special-situation investing in the global credit markets expands.”
Throughout his tenure at Bridgewater, Bachner held a variety of roles including head of client advisors, in which he was responsible for ensuring excellent client service. Josh Levine replaced Bachner as the global head of distribution and partnerships after he left at the end of 2021.
Before Bridgewater, Bachner served 10 years in the U.S. government in a variety of intelligence-related roles. He served three tours in Eastern Europe, including two years in Bosnia as part of the NATO peacekeeping mission
Janet Joyce Arzt left the role of president at Mudrick in 2021, as she joined a family office.
“I look forward to working with the extraordinarily nimble and entrepreneurial Mudrick team, which has established a strong reputation in the special situation and deep-value, event-driven investing space – especially for its ability to identify attractive, alpha-generating investment opportunities,” said Bachner in a statement. “Jason Mudrick is a special investor and I am thrilled to contribute to the firm’s success.”
