Ex-Amaranth COO Joins N.Y. Multi-Strat Shop

Jan 17 2008 | 12:35pm 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.


In Depth

Q&A: Decathlon Capital On Revenue-Based Alternative Lending

Oct 30 2017 | 3:49pm ET

The explosion in private credit activity since the end of the financial crisis is...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Saxby: Not All EBITDA Is Created Equal

Nov 30 2017 | 8:02pm ET

Record levels of dry powder are driving competition among private equity firms to...