Taconic Capital Advisors co-founder Ken Brody announced to investors last week 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.