Tuesday, January 31, 2023

People moves round-up: Week commencing 15 January

The week’s top people moves headlines in alternative asset management, mostly based on AFI analysis of regulatory filings.

Mather exits Pimco

Scott Mather, a long-serving Pimco portfolio manager who took a leave of absence in October, has officially left (18 Jan filing). He was running Pimco Total Return and served as chief investment officer for US core strategies, making him one of the most senior investment staff at the firm. Dan Ivascyn, head of the flagship Pimco Income Fund, has joined the Total Return Fund’s management team.

Tiedemann change after Alvarium deal

Michael Tiedemann has exited his TIG Advisors CEO role (16 Jan filing) as part of an investment firm merger. His New York-based alternative asset manager, running about $8bn (including AuM of its affiliated managers), focuses on making growth equity investments in global alternative specialists.

Tiedemann is now CEO of Alvarium Tiedemann, following the TIG parent’s merger with London-based Alvarium Investments Limited via Cartesian Growth Corporation, a blank-cheque firm. From January, Alvarium Tiedemann Holdings, Inc. has been listed on NASDAQ under the ticker symbol “ALTI”.

Running about $60bn, Alvarium Tiedemann is now one of the world’s biggest publicly-traded money managers that focuses on the ultra-wealthy, according to Bloomberg.

Compliance change at HBK

Carol Biondo exited her role as chief compliance officer at Dallas-based HBK, according to regulatory updates (10 Jan filing). Her LinkedIn account confirms her departure from HBK after 17 years, with no next role given. Her deputy Roya Doud has taken her place.

Elliott boosts Japan activism

Elliott Investment Management has hired Aaron Tai from Cornwall Capital to grow its activism practice in Japan, starting this week, Bloomberg reported. It is a hot area: it was reported earlier this month that New York-based activist ValueAct was starting a Japan Master Fund.

PointState Capital replaces CFO

PointState Capital, founded in 2011 by ex-Duquesne Capital PMs, has replaced its CFO (16 Jan filing). Bradley Sanford has been replaced by Zachary Klensch.

OMERS switches CCO

OMERS Infrastructure, the $32bn infra investor, has added Angelique Trapani, who joined last May after seven years at JP Morgan, as chief compliance officer (19 Jan filing). Megan Vesely, who served in the role since February 2019, per filings, exited the role. OMERS is the Ontario Municipal Employees Retirement System.