Garrett-Cox, Courlier Leave Morley, Axa

Jan 30 2007 | 3:15pm ET

A pair of British female hedge fund executives are on the move.

Katherine Garrett-Cox, who served for two years as chief investment officer at London-based Morley Fund Management, has resigned to assume the same post at Dundee, Scotland-based Alliance Trust. The move comes just days after the appointment as CEO of Scottish Widows executive Chris Phillips.

Morley head of strategy Adrian Jarvis is to succeed Garrett-Cox on an interim basis, beginning in March.

Also bolting is Axa Investment Managers’ Véronique Courlier, the Financial Times reports. Courlier, who, like Garrett-Cox, had been on the job for about two years, is reportedly departing over a difference in strategy. An Axa statement called the decision a “mutual separation” allowing Courlier to pursue “new opportunities.”

Courlier joined Axa with a mandate to establish a centralized hedge fund division. She was reportedly unhappy with Axa’s decision to allow its other business groups—notably Axa Framlington and Axa Rosenberg—to set up long/short funds independent of Courlier’s group.

Chris Manser, head of alternative investments at recently acquired Winterthur, takes over as head of Courlier’s former group.


In Depth

Creating An Offshore Hedge Fund Dream Team: The Seven Key Players

Jun 26 2015 | 6:47am ET

If you want to set up an offshore hedge fund, like any great team, you’re only...

Lifestyle

Hedgies Set to Compete in Wall Street Decathlon

Jun 8 2015 | 12:37am ET

The Wall Street Decathlon — a 10-event physical challenge that will crown “Wall...

Guest Contributor

6 Essential Principles To Balance Your Investment Risk

Jun 26 2015 | 10:07am ET

In this article, financial expert Greg Silberman explores how to hedge a private...

 

Editor's Note