Feuerman Quits Caxton For AllianceBernstein

Apr 15 2011 | 12:14pm ET

Kurt Feuerman has left Caxton Associates for AllianceBernstein—and he's taking his funds with him.

Feuerman, a managing director at the New York-based hedge fund, is set to join AllianceBernstein by the end of next month or beginning of June, the asset manager said. He'll continue to manage two of the funds he runs at Caxton: Equity Growth and Alpha Equity, with AllianceBernstein becoming the investment manager of those funds.

It is unclear how large the funds Feuerman is bringing with him are. He will serve as senior vice president and portfolio manager for U.S. equities at Alliance Bernstein.

"Kurt is an accomplished investor who strengthens our equity team and brings valuable expertise in long/short portfolio management," said Sharon Fay, AllianceBernstein's head of equities. "Our firm is committed to recruiting top investment talent when the opportunity arises. Kurt has compiled an impressive, consistent track record and adds another experienced perspective to our equity team."

Feuerman has been with Caxton for more than a decade. Before joining the hedge fund, he was a Morgan Stanley managing director.

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