Perry's Leff Steps Back

Jan 15 2014 | 11:30am ET

Perry Capital co-founder Paul Leff has stepped back from day-to-day management of the hedge fund.

Leff has given up his role as co-chief investment officer at the firm, CNBC reports. David Russekoff, who has served as Leff's co-CIO since 2012, is now Perry's sole investment chief.

Leff, who helped found the firm with Richard Perry in 1988, is now vice chairman of the $8.9 billion New York-based hedge fund.

It is unclear why Leff—who handled structured credit and overall portfolio construction at Perry—has stepped back. CNBC speculates it might be to give him more time to focus on the Oakland Raiders, the National Football League franchise which Leff, along with former Perry managing director Dan Goldring and Abrams Capital's David Abrams, owns 20% of.


In Depth

Star Fund Managers Battered By Rocky Ride In Yields, Currencies

May 28 2015 | 6:05am ET

Some of the biggest names in the investment world have been whipsawed by the recent...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

The Road To Tax Alpha

May 28 2015 | 5:36am ET

Tax-related alerts are increasingly helping investment managers harvest tax alpha...

 

Sponsored Content

Editor's Note