Hedge Fund Vet Bastone Joins Asset Manager Spruce

Apr 19 2011 | 1:25am ET

Spruce Private Investors has named a well-traveled hedge fund veteran its first chief operating officer.

Robert Bastone started at his new job last month, HedgeFund.net reports.

Bastone got his start in hedge funds at Tiger Management, leaving the legendary firm in 2000 when founder Julian Robertson decided to enter semi-retirement—he has since unretired. He then moved to Ziff Brothers Investment before founding his own firm, Moon Capital Management, in 2005. Bastone comes to Spruce from Epeius Asset Management, a healthcare hedge fund firm.

Spruce manages some $3 billion in both traditional and alternative investments for family offices and non-profit institutions.

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