Tuesday, 1 December 2015
Last updated 12 hours ago
Sep 29 2011 | 10:42am ET
QFS Asset Management founder Sandy Grossman may have shaken more up at the hedge fund than he expected when he orchestrated its acquisition of Cenario Capital.
Two top, long-time executives at the Greenwich, Conn., quantitative hedge fund quit this summer, just months after QFS' April acquisition of Cenario and Grossman's naming of that firm's CEO, Karlheinz Muhr, as QFS CEO.
Theresa Patti, who one source told Hedge Fund Alert was "basically the voice of the firm" and "like a PM," left in August. Officially, Patti was a partner and senior portfolio strategist who has worked closely with Grossman during her decade at the firm. She also acted as liaison between the trading desk and investment community, according to HFA.
Two months earlier, research chief Jim Xiong quit after 14 years at the firm. It is unclear whether Muhr's arrival impacted either decision.
Xiong is still looking for a new job, HFA reports. Patti plans to take a six-to-12 month sabbatical before seeking a new position at another firm.
Grossman, who founded QFS 21 years ago, stepped down as CEO and become chairman of the combined company after buying Cenario. Grossman is rumored to be mulling retirement.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…