The portfolio manager at hedge fund firm Galena Asset Management has stepped down from the board of the firm.
Bloomberg Businessweek reported that Cedric Chone wanted to make room in the board for those who are not executives. He will continue to manage Galena’s special situations fund.
Separately, head of Galena’s energy fund Clause Lixi, left in Janauary.
With locations in the U.K., Switzerland and Singapore, Galena specializes in commodity hedge funds with a focus on the metals, energy and minerals markets.