Industry News

Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at editor@evestment.com

News Archive

Read More Industry News >

Hedge Fund Founder to Retire

Dec 04, 2013
Jing Chen

Taconic Capital Advisors co-founder Ken Brody announced to investors Tuesday that he is retiring from the firm.

Brody said in letter that despite the retirement, which is effective January 1, he will “remain a principal, a significant investor, and an advisor to the firm.” He plans to spend more time working with non-profit organizations after his departure.

Brody, who founded Taconic Capital in 1999 with Frank Brosens, explained in the letter that the pair has been planning for the transition “over a considerable period of time,” by expanding its investment ream capabilities in London and New York over the past few years, as well as the opening of a Hong Kong office.

Brosens and Taconic chief investment officer Chris Delong will continue to lead the firm.

Based in New York, Taconic managed about $6.7 billion by the end of last year.

 

Source: 

Read More Industry News >


Want to subscribe?

Join 15,000+ of your colleagues to receive daily hedge fund news from the definitive source in traditional and hedge fund data.

Subscribe Now


Hedge Fund Journal Reviews eVestment's Hedge Fund Database

July, 2012

Read More