Monday, May 27, 2024

AFI people moves round-up: Week ending 19 May

The week’s top people move headlines in alternative asset management, from public sources and AFI analysis of regulatory filings. (Pro and Executive members can get daily updates here).

Saudi sovereign wealth fund staffs New York office

Saudi Arabia’s Public Investment Fund has been adding senior hedge fund talent to its new office in New York.

Bloomberg reported that the $730bn sovereign wealth fund is looking to hire about 50 for its US buildout, which started last year. The office, named USSA International, is led by Jason Chung, previously of Point72 Asset Management. Mark Cranley and Vesa Helin, previously of Goldman Sachs, have joined as senior economist and head of risk, respectively.

Sound Point hires US CLO chief

Sound Point Capital Management, the credit-focused manager with $32bn under management, has hired Gunther Stein to become head and CIO of its US performing credit and CLO platform. It follows Sound Point’s recently announced agreement to acquire Assured Investment Management, formerly known as BlueMountain Capital Management and now the institutional asset management business of Assured Guaranty Ltd. Post-deal AuM will be about $47bn.

AltTab Capital opens London office

AltTab Capital, the cryptocurrency and digital assets hedge fund specialist, has opened an office in London as its base of operations. Started by Dr. Raymond Ng in 2017, ex-Microsoft and Google engineering leader Greg Moritz is COO and former Google partnerships and platforms lead Michael Silberberg will manage the London office as head of investor relations, according to a statement. The firm manages $19m.

See all 62 regulatory changes from this week on the AFI Decision-Makers Tracker