Wednesday, 24 August 2016
Last updated 14 min ago
Nov 15 2010 | 4:16am ET
Microsoft co-founder Paul Allen has hired a FrontPoint Partners co-founder to run his own private investment office.
Paul Ghaffari was named chief investment officer of Seattle-based Vulcan Capital, the investment division of Allen’s Vulcan Inc. Ghaffari joined the firm on Nov. 1 and will manage part of the billionaire’s fortune.
Ghaffari succeeds Chris Temple, who left Vulcan almost a year ago after only seven months.
Since leaving FrontPoint in 2006, after its sale to Morgan Stanley, Ghaffari has run two hedge funds, Palatine Hill Partners and Capitoline LLC. He has since shuttered both vehicles to begin working for Allen.
Prior to co-founding FrontPoint, Ghaffari was a portfolio manager at Soros Fund Management and worked for Morgan Stanley Investment Management.