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Ex-Frontera, Pathfinder pro launches crypto hedge fund

The founder and CEO of emerging markets research firm Frontera has launched a Washington DC-based crypto hedge fund, HFMWeek understands. Kevin Virgil, who founded Frontera in 2015, launched Delaware-domiciled Kosmos Capital Management in May, where he holds a portfolio manager role. Kosmos Capital will use a systematic long/short strategy based on a...

Former Old Mutual Global Investors CEO joins Martin Currie

Martin Currie, the global active equity specialist, has appointed Julian Ide as its head of distribution and strategy. Ide will report to Martin Currie’s CEO, Willie Watt, and will be based in the firm’s Edinburgh headquarters. Most recently, Ide was the CEO of the exchange-traded funds provider Source ETF...

The Quant King, the Drug Hunter, and the Quest to Unlock New Cures

Ten years ago, drug hunter Mark Murcko was thinking about motion.

Then the chief technology officer of Vertex Pharmaceuticals Inc., Murcko was a pioneer. It’s rare for a scientist to bring even a single drug to market over the span of a career. Murcko helped find five, including treatments for hepatitis C and HIV. The success that he and Vertex enjoyed was grounded in a seemingly simple idea: Understanding the physical structure of proteins that cause disease is the key to making drugs that work...

Ashbury Heights Capital lawsuit against Factset heads to trial

Ashbury Heights Capital, a small investment company and hedge fund firm started by MIT graduates Eric McGill and Paul Mingardi, will finally have its day in court against a former business partner they accuse of theft of intellectual property, breach of contract, and fraud. Ashbury filed an initial complaint in...

AQR general counsel moves to Morgan, Lewis & Bockius

AQR Capital Management general counsel and managing director Brendan Kalb has left the firm after 14 years to join Morgan, Lewis & Bockius. Kalb had worked at Cliff Asness’ quant firm since its earliest days before it grew into the second largest hedge fund in the world, with $90bn in...

Tricadia Capital COO steps down

Tricadia Capital Management COO Jennifer Drake has left her position at the company, HFMWeek has learned. Drake had been president and COO at the New York-based credit hedge fund for a little over 18 months, having joined from Brevan Howard spin-off DW Partners in December 2016. Although Drake has left...

World’s largest pension fund overhauls fees for asset managers

The world’s largest investor, Japan's  sprawling Government Pension Investment Fund, has set out the details of its radical new fee structure for external fund managers — after concluding their performance “leaves much to be desired”.

The $1.46tn pension fund has been reviewing the way it pays its stock-pickers, who manage around 20% of the pension scheme's money, since last summer. Only a “small number” of its active managers hit their performance targets between 2014 and 2016, GPIF said...

JP Morgan VP joins SCT Capital as COO

Quant shop SCT Capital Management has hired a former JP Morgan vice-president to work as COO in its New York headquarters, HFMWeek understands. Ketan Tejani worked at JP Morgan for nearly six years and latterly held a vice-president role, according to his LinkedIn profile. During his time at the investment...

City Financial CCO/GC departs

City Financial’s chief compliance officer and general counsel Ben Ellenbogen has left the firm this month, HFMWeek understands. Ellenbogen’s exit follows that of global COO Lou Thorne, who left the firm in April and was replaced by CFO Ed Orlebar in a newly combined COO/CFO role, HFMWeek reported at...

UTIMCO leader Harris employing similar playbook as he did as Texas Teachers CIO

T. Britton Harris IV is relying on many of the tenets he honed as chief investment officer of the $151.4 billion Teacher Retirement System of Texas in overhauling the investment management of $43 billion of endowment and operating funds of The University of Texas/Texas A&M Investment Management Co.

In the nine months since he made the crosstown move in Austin to serve as UTIMCO's president, CEO and CIO, Mr. Harris conducted a comprehensive review of the operations of UTIMCO...


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