Sunday, 31 August 2014
Last updated 1 day ago
Jan 17 2008 | 11:35am ET
The former chief operating officer of collapsed hedge fund Amaranth Advisors has landed at New York-based Hudson Bay Capital Management.
Charles Winkler joined the $350 million multi-strategy shop last month as COO. Stephanie Reckler, director of investor relations at Hudson Bay, said he will focus on the business side of the firm’s operations, working to build out its infrastructure by enhancing accounting, operations, finance, legal and compliance, technology and human resources.
"The expectation is that I will help build a platform that attracts successful investment personnel," Winkler told FINalternatives. He cites his chemistry with Hudson Bay's 20-person strong staff and the quality of its platform as reasons he joined the firm after a year off.
Prior to joining Amaranth, Winkler served as COO at Chicago-based Citadel Investment Group for five years.
At Citadel and Amaranth—he joined both in their early days—Winkler said he "really helped build the business side."
"At Hudson Bay, I have the same opportunity. Hopefully, the third time will be a charm."
At Amaranth, which collapsed more than a year ago amid huge losses on natural gas trades, he is credited with ensuring the smooth liquidation of the firm, especially its sale of much of its energy portfolio to Citadel, thanks to his relationship with the firm and its founder, Kenneth Griffin.
In spite of its ignominious end, Winkler called his time at Amaranth "an incredible professional experience," noting that many of this former employees there have "taken a step up, and made a lot of other hedge funds better" since leaving the Greenwich, Conn.-based shop.
"Sometimes, bad things happen to good people," he said of Amaranth.
Hudson Bay was founded in 2005 by Sandy Gerber, John Doscas and Yoav Roth, following the dissolution of Gerber’s eponymous proprietary trading firm, Gerber Asset Management.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...