Sunday, 24 July 2016
Last updated 2 days ago
Sep 15 2011 | 3:38am ET
Bruce Kovner isn't the only hedge fund honcho headed into retirement.
Yesterday, Baltimore-based Campbell & Co. announced that its CEO, Terri Becks, had stepped down as part of a planned transition. Stephen Roussin, president of the $3 billion quantitative firm, has succeeded her.
Roussin joined Campbell in June from UBS Wealth Management. At UBS, he was head of investment solutions.
Campbell has an impressive track record, enjoying average annualized returns of 14.5% since its inception in 1972. After a tough run from 2007 through 2009, the firm turned things around last year, returning 11%. It was up 2.7% this year through July.