Saturday, 1 August 2015
Last updated 1 day ago
Mar 3 2008 | 2:58pm ET
FrontPoint Partners is getting its first CEO. Or, as it were, CEOs.
Morgan Stanley, which bought FrontPoint in December 2006, named Mike Kelly and Dan Waters co-CEOs today. Kelly will continue to serve as the firm’s chief investment officer and co-manager of its multi-strategy fund. Waters moves to FrontPoint from the bank’s institutional advisory group, which he headed.
Gil Caffray, FrontPoint’s co-founder, will remain the firm’s chairman.
“Mike and Dan have a long history of working together and they will manage all aspects of FrontPoint’s business,” Stu Bohart, head of alternative investments at Morgan Stanley Investment Management, wrote in an internal e-mail, Reuters reports. He said the pair will be charged with helping “dramatically expand” the now-$9.3 billion hedge fund.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…