Lansdowne takes on CRUX; founder to retire
Lansdowne Partners has purchased CRUX Asset Management, boosting its long-only focus. Founder Richard Pease will retire when the deal, for an undisclosed sum, completes.
The three CRUX European funds will pass to Lansdowne’s European investment team, led by Daniel Avigad.
Trian co-founder Ed Garden departs
Co-founder Ed Garden is leaving the activist manager Trian Fund Management, headed by Nelson Peltz, after 18 years. A son-in-law to Peltz, he will now manage his own money and serve as senior advisor.
Matthew Peltz, his son, and Josh Frank, are promoted from co-heads of research to co-chief investment officers, while Brian Baldwin becomes head of research. Peltz continues as CEO and co-founder Peter May as president.
Callan appoints Lissuzzo in Chicago
Tony Lissuzzo has joined Callan in their Chicago consulting team as a senior vice president and investment consultant. He reports to Ann O’Bradovich, senior vice president and manager of the Chicago consulting office.
New Millennium hires
The hires of Rick Vaatsra, who has joined Millennium from Goldman Sachs in London, and Gregory Starikovsky, a recent ex-Balyasny hire in New York, have been reported, as the multi-manager battle for talent continues.
Abi Holland named CEO at INDOS
Abi Holland has been promoted to CEO of INDOS Financial. She will lead the INDOS team across the UK and Ireland and oversee the business’ growth strategy as a provider of fund depositary and oversight services. Holland takes over from Alan Davies.