Hedge Poachers: Talent Leaves GLG, JPMorgan, Caxton & Fortress
| August 6th, 2009 |
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This week saw a number of hedge fund managers lose investment professionals to competing firms. The biggest move was the announcement that trader Robert Donald is in the process of leaving GLG Partners (NYSE: GLG) to launch a European Equity Fund for George Soros’ Soros Fund Management. While the press has compared this move to the debacle that followed star trader Greg Coffey’s departure from GLG for Moore Capital, many industry experts have downplayed its significance since Mr. Donald only manages a sub-strategy for one of the GLG’s long/short funds. The fund’s lead portfolio manager is co-founder Pierre LaGrange.
Harvard Management Company (HMC) may have lost a lot of money recently, but it managed to find some extra cash to pay for two top managers from prominent hedge funds. The endowment manager announced yesterday that it had hired Michele Toscani from Fortress Investment Group’s (NYSE: FIG) Tokyo office. Ms. Toscani will join HMC’s international fixed income portfolio management team. Emil Dabora has been hired as an equity portfolio manager. She joins from Caxton Associates where she was a senior managing director specializing in event-driven investments. Ms. Dabora has a degree from Harvard University.
Finally, Lazard Asset Management announced that it had hired Lloyd Whitworth as a portfolio manager. He will join the firm’s UK equity team and will co-manage the firm’s UK Alpha, UK Omega and UK Diversified strategies. Mr. Whitworth joins Lazard from JPMorgan Asset Management.
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For Detailed Investor Profiles on these Investors, click below: |
| Andrew Law; | Bruce Kovner; | Daniel Mudd; | Emmanuel Roman; | George Soros; | Jason Mackay; | Jeff Eberwein; | John White; | Jude Driscoll; | Michael E. Novogratz; | Noam Gottesman; | Pierre Lagrange; | Randal Nardone; | Robert Donald; | Robert Kauffman; | Robert Soros; | Scott Bessent; | Wesley Edens; | William F. Callanan; | Zameer Arora | | Caxton Associates; | Caxton Equity Growth (BVI) Ltd; | Caxton Global Investments USA LLC; | Caxton Healthcare Trading LLC; | Caxton International LTD; | Drawbridge Global Macro Funds; | Fortress Commodities Fund LP; | Fortress Partners Funds; | Fortress Value Recovery Funds ; | GLG Alpha Select Fund; | GLG Partners Inc; | GLG UK Growth; | GLG UK Income; | GLG UK Select; | Logan Circle Partners; | Newcastle Investment Corp; | Pharos Financial Group (seeded) ; | Quantum Emerging Growth Fund; | Quantum Fund; | Quantum Group of Funds; | Soros Capital LP; | Soros European Equity Fund; | Soros Quantum Endowment Fund | 6 Comments
by Soros NYC on August 13th, 2009
I thought Soros only managed private money these days. Does he report performance
by HARVard on August 7th, 2009
I'm sick of hearing people whine about Harvard's losses. They still have billions more than any other school. Make them eat bread...
by JPMorgan's downfall on August 7th, 2009
Another day, another departure from JPMorgan. When will the bleeding end? Bernanke???
by GLG Vet on August 7th, 2009
Donald has skillz, but he is no Coffey - good hire for Soros, but no homerun
by Sophie on August 7th, 2009
What fund did Emil Dabora manage at Caxton? Thanks
by Upset Alum on August 7th, 2009
Why should we keep donating to Harvard if they are going to keep using more and more risky strategies. I think she should be hiring some indexes
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