Tue, Nov 21, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Kenneth D. Brody, co-founder, Taconic Capital Advisors to retire

Wednesday, December 04, 2013

amb
Kenneth D. Brody
Bailey McCann, Opalesque New York:

Kenneth D. Brody, co-­‐founder of Taconic Capital Advisors, a multi-­‐strategy, event-­‐ driven hedge fund, founded in 1999, will retire effective January 1, 2014, according to a letter to investors sent Tuesday. Taconic manages approximately $8.2bn in assets. Brody will remain a principal, significant investor and advisor to the firm.

"I have been reflecting on the next phase of my life and have decided I want to spend more time working directly with non-profit organizations I strongly support that are concerned with the mental and physical well-being of young people," Brody wrote in the letter. "This is the right time for me to step back and let the great team we have assembled at Taconic, led by Frank (Brosens), to step up and take over."

According to the letter, the transition plan has been in the works for some time. The firm remains confident in its ability to perform and the opportunity set it invests in. The letter also notes that the co-founders have been working to "deepen" their investment teams in both London and New York, as well as adding to the Asia team in Hong Kong.

Brosens and Chris Delong, Taconic's chief investment officer, will continue to lead the firm. The letter notes that some internal promotions have taken place as well, ahead of the announcement. Betsy Keeley was promoted to General Counsel, Alyssa Yavner to Chief Financial Officer, and Alexandra Grigos to Director of Operatio......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Middle East - Saudi-Iran war would create this domino effect of global disaster, Saudi billionaires said to move funds from region to escape asset freeze[more]

    Saudi-Iran war would create this domino effect of global disaster From CNBC.com: Events appear to be spinning out of control in the Middle East, and the threat a Saudi-Iranian war is looking increasingly credible. Make no mistake, an out and out conflict between the two nations would be

  2. Launches - Eaton Vance, Oaktree to launch diversified credit NextShares fund, FIM launches Nordic AI-powered fund[more]

    Eaton Vance, Oaktree to launch diversified credit NextShares fund Eaton Vance Management, a subsidiary of Eaton Vance Corp., announced the expected mid-November launch of Eaton Vance Oaktree Diversified Credit NextShares, a new Eaton Vance-sponsored exchange-traded managed fund. Eaton Va

  3. Outlook - Gundlach's stock market warning comes true[more]

    From Bloomberg.com: Jeffrey Gundlach has been warning something's got to give. Based on the past two days, looks like we have our answer. Stocks fell around the world a second day and high-yield bonds headed for a fourth straight loss, resuming a historic correlation that the hedge fund manager on W

  4. Investing - Six more Warren Buffett buys, including Southwest Airlines, Seth Klarman's Baupost Group bets on beaten-up health care, Roark Capital offers to buy Buffalo Wild Wings: Wall Street Journal[more]

    Six more Warren Buffett buys, including Southwest Airlines From Forbes.com: Our latest recommendation for aggressive investors is Restaurant Brands International . Hedge fund manager Bill Ackman has an incredible 40.1% of his fund at Pershing Square Capital Management invested in Restaur

  5. Investing - Tages Capital steps in to rescue Italy's Banca Carige, Hedge funds place $5.4bn bet on Toshiba's resurrection, Why outside investors are fleeing: John Paulson's 6 worst investments[more]

    Tages Capital steps in to rescue Italy's Banca Carige From TheTimes.co.uk: A little known London hedge fund has played a pivotal role in the first rescue of an Italian bank without state intervention since the country's bad debt crisis started three years ago. Banca Carige, a Genovese le