Oppenheimer & Co., a unit of Oppenheimer Holdings Inc. of New York, said it has purchased the restructuring group from the privately held Fulcrum Strategy Partners.

Fulcrum, which is based in New York, was formed last year by Nicholas W. Tell Jr., a former portfolio manager for Trust Co. of the West's distressed funds, and Eben Paul Perison, a former managing director with Fortress Investment Group.

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