Friday, 4 September 2015
Last updated 12 hours ago
Dec 3 2012 | 12:34pm ET
Another hedge fund manager is calling it quits in a year that has seen a wave of high-profile retirements from the industry.
Kingsford Capital Management co-founder David Scially will step down from the San Francisco-based hedge fund at the end of the year. Scially, who made his name as a short-seller, set up the firm with Mike Wilkins in 2001.
According to Reuters, Kingsford has had some time to prepare for Scially's exit. Scially manages a substantial chunk of Kingsford's assets under management, which were once at $2 billion, although it is unclear how much the firm manages today.
Scially made the decision after taking a break this summer. He plans to spend more time with his family.
Scially set Kingsford up with Wilkins after a stint at Cambridge, Mass.-based Off Wall Street Consulting Group.
He joins a large number of well-known hedge fund managers hanging it up in 2012. During the year, Brevan Howard Asset Management co-founder Chris Rokos, Centaurus Capital's John Arnold, Farallon Capital Management founder Thomas Steyer, Moore Capital Management's Greg Coffey and John W. Henry all announced their plans to leave the business.
May 27 2015 | 2:15pm ET
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