Hedge fund Breeden Capital Management has hired Joshua Fenton to head its U.S. research team.
Fenton comes to the firm from Clay Finlay, which closed its doors last year. At the late firm, Fenton was director of global equity research. He previously worked at Gabelli Asset Management.
“Josh brings a superb background in equity investing, together with extensive practical experience and leadership skills,” firm founder and former Securities and Exchange Commission Chairman Richard Breeden said. “We believe he will add considerably to the talents of our existing team and enhance our ability to identify situations where active engagement with portfolio companies can generate significant investment returns.”
At Breeden, Fenton will also serve as a managing director and on the investment committees of both the firm’s U.S. and European hedge funds, which manage a combined $1.5 billion. Fenton succeeds Robert Fields as research chief; Fields left the firm last month.