A hedge fund spun out of Credit Suisse last April and co-founded by a pair of Wall Street veterans has won a vote of confidence from Merrill Lynch, which is investing an undisclosed sum with the firm.

Merrill took an undisclosed stake in DiMaio Ahmad Capital, a hedge fund focused on credit products. Merrill will also commit an unspecified amount of money for DiMaio Ahmad to invest, the firm said in a statement.