Credit Suisse's Lydon leaves for U.S. hedge fund

LONDON Feb 22 (Reuters) - Kevin Lydon, co-head of special situations and head of distressed trading at Credit Suisse (CSGN.VX), resigned from the company earlier this week, a spokeswoman said.

Lydon is moving to Strategic Value Partners, a hedge fund based in Greenwich, Connecticut, a person familiar with the situation said.

Michael Guy, co-head of special situations, will continue to run the team at Credit Suisse, while Dermot Murphy will become head of distressed trading, the spokeswoman said.

Strategic Value Partners manages about $4 billion and employs about 100 staff, according to a recent release by PRNewswire.

In December, the fund bought a stake in NICI AG, a German Gift maker that had gone into insolvency, PRNewswire said in December.

The hedge fund's web site has only one page listing offices in United States, London, Frankfurt and Tokyo.

(Reporting by Elena Moya, Editing by David Cowell; Reuters Messaging: rm://elena.moya.reuters.com@reuters.net Email: elena.moya@reuters.com Telephone: +44 207 542 2515)