Ex-Clarium Manager Wolff Hires Two For New Hedge Fund

Mar 2 2011 | 8:35am ET

A nascent hedge fund launched by a Clarium Capital Management veteran has made a pair of hires.

Grandmaster Capital Management said Jeff Coddington has joined the firm as CFO and chief operating officer, while Todd Ammons was named an analyst. Both men join the San Francisco-based firm from other hedge funds in that city, Coddington from Peninsula Capital Management, where he was CFO and chief compliance officer, and Ammons from Global Capital Partners.

"Jeff and Todd have top-tier backgrounds and experience and will be valuable assets to our firm," founder Patrick Wolff said.

Wolff launched Grandmaster at the beginning of the year, a month after announcing his departure from Clarium. The long/short equity fund was seeded by Clarium founder Peter Thiel, and features former Clarium managing director Jack Selby as head of marketing.

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