Summit Investment Management Hires New Managing Director

Summit Investment Management LLC recently announced the hiring of Jeff Feit as its new managing director for distressed credit sourcing, according to a person familiar with the matter. The hire is expected to help Summit expand its portfolio of distressed credit opportunities and further enhance its investment management services.

Feit brings a wealth of experience to the firm, having worked previously with a number of prominent investment banks and asset management firms. He is also a seasoned investor in both private and public markets, with a deep understanding of distressed debt and corporate restructuring.

His appointment comes as Summit is looking to expand its focus on distressed credit opportunities. The firm's strategy is to create value through proactive management of investments in distressed credits, such as loan workouts and reorganizations. Additionally, Summit is looking to build a portfolio of investments across a range of sectors, including energy, real estate and technology.

Feit is the latest addition to Summit's expanding team of investment professionals. The firm recently hired Todd Turall as its general counsel and chief operating officer. Turall brings a unique combination of legal and investment experience to the firm and will be responsible for overseeing its legal and compliance operations.

In addition, Summit recently acquired Dream Global REIT, a leading real estate investment trust. The acquisition is expected to provide Summit with a strategic platform for growth in the global real estate markets. The firm also recently completed a purchase of shares of ARCA:IBDO, a leading global construction company.

Summit is committed to providing its clients with access to innovative solutions in the areas of distressed credit, real estate, and technology. Its team of experienced professionals is focused on delivering high-quality, risk-adjusted returns for its clients.