Mr. Foley is responsible for assisting with the direction of the investment activities of the Avenue U.S. Strategy. Prior to joining Avenue in 2008, Mr. Foley was a Managing Director and Co-Portfolio Manager in Merrill Lynch’s Principal Credit Group, a proprietary investing platform for the firm’s capital, where he was responsible for evaluating and managing assets in the team’s North American portfolio, including non-investment grade bank loans, stressed/distressed fixed income investments and public and private equity. Prior to helping launch Merrill Lynch’s Principal Credit Group, Mr. Foley was with Merrill Lynch’s Global Convertible Research team, where he was responsible for building