Friday, 29 July 2016
Last updated 1 hour ago
Apr 15 2011 | 1:19pm ET
Lupus alpha, a German asset manager with €7.1 billion under management as of December 2010, has lost the head of its hedge fund department, Ulf Becker.
Becker, who was also in charge of the firm’s “Talent Hotel” (a hedge fund seeing business), left to “pursue new personal as well as professional goals,” the firm’s managing partner, Ralf Lochmüller, told the Financial News.
The departure comes as the company is preparing to expand in the absolute return space, with plans to expand the team from 15 to 21 by end-2011. FN says Becker’s responsibilities will be taken on by Alexander Raviol, who had been the partner in charge of absolute return product development, quality and risk management.
FN says Lupus alpha plans to launch a new absolute return investment strategy intended to capitalize on market volatility. Lochmüller says they may be able to hire former proprietary traders.