Caledonia Strengthens Senior Executive Team Amid U.S. Expansion

Oct 20 2016 | 9:45pm ET

Global long/short equity manager Caledonia Investments has bolstered its senior executive team with the appointments of former Coatue Management CMO David Scully as Vice Chairman USA, senior portfolio manager Michael Messara will become co-CIO alongside Will Vicars, and former Ardmore Global Investors business development/IR head Augie Sciulla will come aboard as head of marketing in the U.S. 

Scully will be based in New York and will serve as an advisor on business strategy, as well as oversee the creation of a business development and client service team to serve Caledonia’s diversified base of global institutional investors, the company said in a statement on Wednesday. He joined $10 billion manager Coatue as COO in 2005 following a similar roles at Passport Capital and Cannell Capital LLC, and previously held positions with Sanford C. Bernstein, Salomon Brothers, and JP Morgan from 1989 to 2002. 

Messara joined Caledonia in 2006 after spending five years with UBS AG in Sydney. While at UBS, Messara held a number of roles in equity research with a particular emphasis on the materials, healthcare, media, gaming and small caps sectors. 

Sciulla, prior to Ardmore, was managing director of business development and investor relations for JAT Capital Management, an alternative asset manager. Before joining the asset management industry, Sciulla successfully worked in sales for Intuitive Surgical from 2010 to 2014 and Mindray Medical from 2006 to 2010. He is a former U.S. naval flight officer. 

“Today’s announcement represents an important step forward for our firm and reflects our deep commitment to building a meaningful presence in the United States and a world-class investment team,” said Vicars. “David brings nearly thirty years of financial services experience and deep industry relationships, as well as a proven track record of building hedge fund businesses. I’ve worked closely with Mike Messara for a decade and this promotion recognizes his strong performance and leadership. We welcome Augie to Caledonia and look forward to his contributions to the firm as we meet the increasing needs of our investors worldwide.”

Australia-based Caledonia was founded in 1992 as a family office and opened to outside clients in 1998. The firm managed approximately $3 billion in private and institutional capital as of June 30, 2016, deployed within a single long/short equity strategy.

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