Tuesday, 2 June 2015
Last updated 3 hours ago
May 15 2012 | 12:22pm ET
Jeremy Charles is leaving Thames River Capital, a year after the hedge fund was acquired by F&C Asset Management.
Charles will "pursue opportunities outside of" F&C, the firm said. His exit as operations director comes amidst "a group-wide re-engineering of our operations, administration and IT functions," spokeswoman Tracy Fennel said in the statement.
That cost-cutting effort is the brainchild of new F&C Executive Chairman Edward Bramson, head of activist investor Sherborne Investors. Bramson, a sharp critic of the Thames River acquisition, ousted former chairman Nick MacAndrew last year.
Charles will be replaced by Hugh Moir, head of client solutions and strategy at F&C. Moir will now oversee operations and information technology at Thames River.
Charles had spent six years at Thames River.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…