Apollo Metals Hedge Fund Manager Out

Apr 29 2010 | 1:53pm ET

Alternative investments giant Apollo Management is losing the manager of its metals hedge fund.

Mark Thompson will leave the New York-based firm in June, Bloomberg News reports. He has managed the firm’s Metals Trading Fund since its inception last March.

Thompson joined Apollo from Galena Asset Management two years ago. He had been chief investment officer at the London-based hedge fund.

The Apollo metals fund was seeded with $40 million and trades industrial metals, precious metals and mining stocks.

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