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.