Bloomberg reports that the executive, 45, will also leave his spot as member of the firm’s management committee, according to the memo, signed by Robert Soros, deputy chairman of Soros Fund Management LLC. Gavin Murphy, tax director at the New York-based firm, will serve as acting COO.
In the meantime, the news organisation also reports that Tim Peterson, who founded the $7bin Regiment Capital Advisors LLC in 1999 after a decade at Harvard University’s endowment, plans to step down from day-to-day management of the hedge fund in mid-2014.
Peterson, 51, will take on a mentoring role at the firm after he stops managing money, said Diana Pisciotta, a spokeswoman for the Boston-based credit fund. Regiment partners Mark Brostowski and Bill Heffron will continue to run the portfolios, while Thomas Sorbo and Chris Kaster will head the non-investment parts of the business.
Finally, Bloomberg reports that Harvard Management Co., which oversees the endowment of the world’s richest university with $30.7bn, has hired Sanjiv Bhatia and three other portfolio managers as it expands it stock markets team.
Bhatia, who once headed the Asia office of Minnetonka, Minnesota-based hedge fund Deephaven Capital Management LLC, started this month as portfolio manager for emerging markets stocks, Harvard Management said today. The endowment also hired Al-Wadhah Al-Adawi, formerly at GLG Partners Inc., Amit Tiwari, who used to work at the Lakshmi Mittal family office, and Srdjan Tanjga, most recently at 40 North Industries LLC.
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