New Star Hires Merrill Vet, Threadneedle Loses Manager

Jul 2 2008 | 12:47pm ET

London-based asset manager New Star is getting a new alternative investments chief.

Donald Pepper will join New Star from Merrill Lynch International in September. He will lead its 10-member hedge fund team and oversee both its single-manager funds and funds of funds.

“Donald is a welcome addition to the hedge fund team and demonstrates the importance we attach to the growth of this area of our business,” New Star Chairman John Duffield said.

Meanwhile, another British asset manager is losing a top hedge fund manager.

Paul Findley, head of U.K. high alpha at Threadneedle, has resigned. Leigh Harrison will take over the high alpha team and Mark Westwood the U.K. Crescendo hedge fund until a permanent replacement is found.

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    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…