Chris Woods, who just a year ago was named head of State Street Global Advsiors’ new hedge fund business, has left to join the Man Group, the world’s largest publicly-listed hedge fund.
At Man, Woods will serve as a strategist for the $17 billion Man Global group.
Woods was given control over SSgA’s nascent hedge fund group last year, after the departure of group investment chief Alan Brown in 2005. But the firm’s hedge funds haven’t taken off as planned.
Rick Lacaille, SSgA’s European chief investment officer, will take over for Woods on an interim basis.