Magnetar Adds Event-Driven Portfolio Manager

Jul 15 2010 | 10:39am ET

Magnetar Capital has hired a portfolio manager to head its planned event-driven hedge fund.

Julian Frazzo will join the Evanston, Ill.-based firm this summer as a senior portfolio manager for event-driven investments, Financial News reports. He comes to Magnetar, which faces a Securities and Exchange Commission probe over some of its collateralized debt obligation trades, from London-based De Putron Fund Management.

Frazzo managed more than US$100 million for De Putron. He joined that firm after four years at Citadel Investment Group, where Magnetar founder Alex Litowitz also got his start.

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