Viking Shakes Up Top Ranks As Co-CIO Takes Sabbatical

Jul 7 2014 | 9:13am ET

Viking Global Investors’ co-chief investment officer is taking a break, and the hedge fund is taking the opportunity to reshuffle its top ranks.

Tom Purcell is taking a “well-deserved sabbatical for the next six months,” Viking told investors last week. His co-CIO, Dan Sundheim, “is now sole CIO and manager of the Central Portfolio.”

But Viking isn’t stopping there: The firm announced that it had reorganized its investment team, charging six portfolio managers to work with Sundheim to identify the firm’s best ideas, Reuters reports. Jeff Busconi, Paul Enright, Ben Jacobs, Ning Jin, Hani Sabbagh and Scott Zinober have been named to that committee.

“It’s exciting that occasional realignments allow us to recognize proven investors and charge younger talent to contribute in new ways,” firm founder Andreas Halvorsen wrote.

Purcell, who plans to use his sabbatical to spend more time with his family, will remain on Viking’s executive and management committees.

Viking also told investors that it had clawed back some of its early-year losses. The firm returned 6.6% in the first half after a 1.1% rise in June.


In Depth

Creating An Offshore Hedge Fund Dream Team: The Seven Key Players

Jun 26 2015 | 6:47am ET

If you want to set up an offshore hedge fund, like any great team, you’re only...

Lifestyle

Hedgies Set to Compete in Wall Street Decathlon

Jun 8 2015 | 12:37am ET

The Wall Street Decathlon — a 10-event physical challenge that will crown “Wall...

Guest Contributor

6 Essential Principles To Balance Your Investment Risk

Jun 26 2015 | 10:07am ET

In this article, financial expert Greg Silberman explores how to hedge a private...

 

Editor's Note