Family Office
Hedge fund taps portfolio manager and research head
BlueMountain Capital Management hires from Citi WM unit and
Deutsche Bank. New York-based hedge-fund manager BlueMountain
Capital Management has appointed Scott Lessing as the new head of
corporate research, and it has named Derek Smith as a senior
portfolio manager.
Lessing and Smith come to BlueMountain from Citigroup and Deutsche Bank respectively.
Research and trading
Lessing was last COO of alternative investments at Citi's Global
Wealth Management. In his new role, he will be in charge of
company-specific and strategic market research across the
firm.
Smith, formerly a managing director of global credit trading at
Deutsche Bank, will concentrate on BlueMountain's fundamental
trading strategies.
BlueMountain has over $5 billion in assets under management in
its hedge funds. Prides Crossing, Mass.-based Affiliated Managers
Group holds a minority stake in BlueMountain. -FWR
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