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Benedicte Gravrand, Opalesque Geneva:

Caroline Hoare announced yesterday, Dec. 22nd, that this would be her last day at GLC Ltd., a London-based hedge fund house.

“After 10 years, there has been a great deal to do to ensure an orderly handover of my responsibilities.” She wrote in an email received by Opalesque. “I have thoroughly enjoyed my time at GLC and it has been a real privilege to work with so many wonderful people. I am confident that I leave GLC’s infrastructure in good shape and excellent hands.” She did not have any further comment for Opalesque.

According to a profile done on WSJ.com in May this year, Caroline Hoare, the 54-year-old chief executive of GLC, began working in the industry in 1995. Then she was one of the few people in London who understood the intricacies of the formation, organization and administration of offshore funds when she set up a hedge fund for her then employer GNI Ltd. She joined GLC a few years later, which had just over $100m under management at the time.

Mrs. Hoare came into the industry via a career in law where she practiced at the bar, said WSJ. Her late husband was related to the Hoare family of C. Hoare & Co. - the sole survivor of the private deposit banks established in the 17th century.

She was a key speaker at Terrapinn’s Hedge 2010 conference in London last month. She said then that she would l......................

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