Wednesday, 27 July 2016
Last updated 13 hours ago
Jul 5 2011 | 1:19pm ET
The former co-chief investment officer at Rubicon Fund Management and GAM Holding's fund of funds research chief will launch a global macro hedge fund next year.
Timothy Attias has incorporated Sata Partners in London. He'll serve as the new firm's CIO, while Catherine Cripps is leaving her post at GAM to become its chief operating officer.
Attias was the co-manager of Rubicon's top-performing Global fund before his departure in January. Cripps is currently investment director and head of multi-manager research at GAM.
Sata's plans are still preliminary and its maiden fund will not debut until next year, Financial News reports.
Attias and co-manager Santiago Alarco posted double-digit returns in each of the last three years at Rubicon, including a 44% return in 2008. Alarco himself quit in April after Rubicon co-founder Paul Brewer returned from a two-year leave of absence, and is currently waiting out his non-compete agreement on Rubicon's pay.
It is unclear whether Alarco has any plans to join Sata.