Richard Grubman and Robert Rubin leave hedge fund posts

September 19th, 2010
| More
Richard Grubman’s decision to retire from his post at Highfields Capital Management last month coincided with another high-profile departure in the hedge fund world as Robert Rubin simultaneously stepped down as advisor to hedge funds Taconic Capital Advisors and Farallon Capital Management. According to Bloomberg, Mr. Rubin, formerly the United States Treasury Secretary and advisor to Citigroup during the subprime mortgage crisis, will join Centerview Partners, a boutique Wall Street advisory firm.

Since its founding by Richard Grubman and Jon Jacobson in 1998, Highfields Capital Management has boasted a 12% average annual return. Mr. Grubman is well-known for his confrontation with Enron CEO Jeffrey Skilling before the company’s collapse. Mr. Jacobson, co-founder of Highfields Capital, will continue at the firm.
For Detailed Investor Profiles on these Investors, click below:
Farallon Capital Management
Highfields Capital Management
Related People: Andrew J.M. Spokes; Jonathan S. Jacobson; Richard L. Grubman; Thomas Steyer
Related Entities: Farallon Capital Institutional Partners; Farallon Capital Partners; Farallon Credit Opportunity; Farallon Special Situations; FKG Capital; Hellman & Friedman; Highfields Associates LLC; Highfields Capital Hedge Fund; Highfields Capital Ltd; Noonday Global Management
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Hedge Fund Jobs, Hirings and Firings


More Recent Headlines

York Capital Management gets $425 million for non-controlling minority stake

Jim Pallotta takes a mulligan, launches Raptor Evolution Fund

Ramius makes another offer for Cypress Bioscience

Cheyne Capital raises $100 million for event-driven hedge fund

Theory Capital Partners closes down after just 10 months

Shareholder Activist Update: Discovery Group takes aim at Tier Technologies and Atricure

Citadel expands into Boston with new office

Chilton Investment hires Frederic Gautier to spearhead European expansion

Phil Falcone’s Harbinger Capital is Making Coin on Distressed Credit Trading

Capital Structure: Optimal or Opportunistic?