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Tudor Salesman Quits for Sankaty Advisers


Posted: 07/13/10

By: tomgrisafi

2533

Tom Sargeant, director of international product development at Tudor Europe, the London arm of US hedge fund firm founded by legendary trader Paul Tudor Jones, has quit.

He will join Sankaty Advisers, a $20 billion credit affiliate of private equity group Bain Capital, as head of European investor relations next month, according to a person familiar with the situation.

The role is a new one for Boston-based Sankaty, which invests in a variety of fixed-income and credit instruments.

The move comes as headhunters report a hive of activity on the sales, marketing and investor relations fronts this year, as managers focus on looking for new sources of fundraising and retaining their existing investors.

Many US firms such as Paulson & Co and Och-Ziff Capital Management have been expanding their client-facing presence in Europe as they strengthen their coverage of the region.

In November, Och-Ziff moved Kevin Silva from its New York office to London to spearhead marketing and investor relations for Europe, and it has since made two other hires to work with Silva.

Founded by Tudor Jones in 1980, Tudor Investment Corp is one of the best-known hedge funds in the world. It was estimated to manage $10bn at the start of this year, according to Absolute Return Alpha magazine.

Sargeant has worked at Tudor, where his responsibilities included marketing hedge funds to institutional and high-net-worth investors across Europe, the Middle East and Asia, since October 2007. His duties will now be taken up by Brad Williams, global head of product development, to whom Sargeant reported.

Before Tudor, Sargeant spent six years as an executive director at Goldman Sachs Asset Management, and two years as an analyst at Goldman Sachs. Tudor and Sankaty declined to comment.

Source: E-Financial News

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1 Comments

Guest

Posted: 07/21/10

Well frankly this guy made a wise decision because after Tudor slashed salaries in London and with the recent drop in hedge fund profits because of volatility, it wouldn't be a easy or fun job losing money trading and getting your check slimmed down.

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