Myers, D.E. Shaw Energy Head, Retires

Feb 5 2014 | 9:33am ET

D.E. Shaw Group's energy chief is leaving the firm after a brutal December.

Jeff Myers will retire at the end of March, The Wall Street Journal reports. His decision to leave after 12 years at the New York-based hedge fund came on Jan. 22, following an 18% loss for his group's Plasma hedge fund.

The $650 million energy fund lost 28% overall last year, and was on track for a losing January, as well.

Myers will be succeeded by two of his lieutenants, Sanjay Jacob and Travis West. Jacob, a former Citadel Investment Group trader, will be senior portfolio manager, based in Overland Park, Kan. West, formerly of power-plant operator Mirant Corp., will handle day-to-day management of Myers' 12-person team from New York.

"We will be sorry to see Jeff retire," Darcy Bradbury, a spokeswoman for D.E. Shaw, told the Journal. "Jeff has managed the unit very successfully over the years, with the team delivering strong long-term performance for our investors."


In Depth

The Benefits Of Private Debt Investing

May 7 2015 | 10:43am ET

Jeffrey Haas is chief operating officer of Old Hill Partners Inc., an SEC-registered...

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

How To Generate 6% Yield In A Volatile World

May 22 2015 | 6:41am ET

Private credit comes in many different flavors, all with the common themes of over...

 

Editor's Note