Richard Perry, a veteran hedge fund manager, is making a return to the industry after a nine-year break. Having closed his hedge fund in 2016, Perry, now 70, has joined Olympus Peak Management as a partner. This firm, specializing in distressed credit, was founded by his protégé, Todd Westhus, in 2018. Perry's comeback marks a significant event in the hedge fund sector, highlighting his enduring influence and the potential impact on Olympus Peak Management's future strategies.

Richard Perry ran a hedge fund for almost three decades before closing it in 2016. Now he has decided it’s time for a comeback. Perry, 70, recently became a partner at distressed credit specialist Olympus Peak Management, according to people familiar with the matter. A protégé, Todd Westhus, founded the firm in 2018.  

Richard Perry returns to the hedge fund industry, joining Olympus Peak Management.