Thursday, 23 February 2017
Last updated 9 hours ago
Mar 5 2008 | 8:31am ET
FrontPoint Partners founder Phil Duff has founded a new, eponymous asset management firm.
Duff Capital Advisors will both manage money and advise clients. The Greenwich, Conn.-based firm will give counsel on alternative investments, including hedge funds, private equity and real estate, using both in-house teams and outside firms to manage client funds.
Eileen Murray, formerly head of global finance, operations and technology at Morgan Stanley—which bought FrontPoint from Duff two years ago—will serve as the new firm’s president. SAC Capital Advisors and Tiger Management veteran Keven Becker will be its chief investment strategist.
According to a release from Duff Capital, p.e. firm Lindsay Goldberg has bought a $500 million stake in the new venture, and Duff Capital itself has bought the assets of Azimuth Asset Management, which allocates money to hedge funds and sells risk-management software.