The former manager of Fidelity Investments’ European Aggressive fund was deemed too aggressive for mutual funds. So Mario Frontini plans to give hedge funds a try.
After more than a year on the shelf—he left Fidelity at the end of 2008—Frontini has joined Italian altermative asset management firm Sator. He’ll manage the firm’s long/short hedge fund and serve a chief investment officer, Citywire reports.
Sator is headed by Matteo Arpe, former CEO of the Italian bank Capitalia.
Frontini will be based in London. Sam Myhrman, another Fidelity veteran, has also joined Sator, as senior research analyst.