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

Fund Focus: Asian Frontier Capital Offers U.S. Investors Access To Untapped Markets

Mar 2 2015 | 6:47am ET

Hong-Kong based asset manager Asian Frontier Capital is making a capital raising...

Lifestyle

Hedge Fund Manager Out as Minnesota Wild Minority Owner

Feb 25 2015 | 2:45pm ET

New York hedge fund manager Philip Falcone is no longer a minority owner of the...

Guest Contributor

Risk Management: The Due Diligence Challenge And Branding Opportunity

Mar 2 2015 | 8:41am ET

The hedge fund firms that make it easier for prospective investors to gain comfort...

 

Editor's Note