Cool-headed and anything but distressed

David Walker met Mellon Global Alternative Investments' directors Derek Stewart and Scott MacDonald to find out how they coped last year and their plan for 2008

It's not just who you know - it's what you know about them.

Derek Stewart (pictured below right) and Scott MacDonald (below left), each a director of Mellon Global Alternative Investments (MGAI), have known an awful lot of people in the distressed/event-driven and credit/fixed income arena for an awfully long time.

Managing around $1.9bn in a number of MGAI funds of hedge funds specialising in these underlying strategies necessitates it, of course, but it is a key reason each of them is still

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