BNY Asset Management Chief To Hedge Fund Kedge

The co-head of the Bank of New York Mellon’s asset management arm is set to join a hedge fund.

Jonathan Little has agreed to become CEO of Kedge Capital’s nascent global asset management business. He is charged with building the asset management unit through acquisitions and fund management team lift-outs, the London-based hedge fund said.

He starts at Kedge in November.

At BNY Asset Management, Little was vice chairman and interim co-head. The group recently restructured its fund of hedge funds businesses, merging two of them and winding down the third, Ivy Asset Management.

Mitchell Harris, BNY Asset Management’s other interim co-head, will lead the business on his own until a permanent head of the division is hired.