Tuesday, 30 August 2016
Last updated 25 min ago
Oct 27 2011 | 6:44am ET
Another FrontPoint Partners executive has fled the battered, if not quite sinking, ship.
Robert Stockton was named director of investor relations at hedge fund Visium Asset Management, Pensions & Investments reports. He succeeds Kenneth Klee, who was named Visium's first director of communications.
FrontPoint, once one of the most prominent hedge funds in the business with some $7.5 billion in assets, has shriveled to a shell of itself in the wake of an insider-trading scandal that claimed its top healthcare hedge fund manager, Joseph Skowron. The firm, which spun off from Morgan Stanley earlier this year, manages less than $1 billion following the departure of credit hedge fund manager Stephen Czech and his $1.1 billion fund.
Stockton was head of investor relations at FrontPoint.