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According to the latest HLA Australian Hedge Newsletter, written by Sydney-based advisory group Hatfield Liptak Advisors, quite a lot of people moved around in the Australian hedge fund industry last month. Here is some of what went on:

  Tim McGowen, co-founder and chief executive of Fortitude Capital, resigned to pursue other interests. Fellow co-founder John Corr will assume most of McGowen's responsibilities but will delegate some functions to the team of six staff. Fortitude has $150 million under management of which 80% is from offshore investors. Domestically, the firm runs a managed account for the BT Total Return fund of fund.

  Barclays Global Investors (BGI) has promoted Will Britten as chief executive of its Australian business. He was previously head of distribution and replaces Morry Waked who earlier this year became BGI's global head & CIO of the firm's global active equity business. Under Waked, BGI Australia developed one of the country's largest long/short equity hedge funds.

  Sovereign Investment Research appointed John Peterson and Helen Murdoch as principals. Peterson was previously CIO at fund of hedge fund, Everest Financial Group. At Sovereign, he will be responsible for investment structures and manager research and analysis. Murdoch has a business development background having worked at BT and Principal Glo......................

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