Top manager leaves hedge fund
The director of markets at Aspect Capital has left the UK hedge fund manager in what is the second senior departure in six months for the firm, following the decision of its co-founder Michael Adam to leave in April.
Robert Wakefield left Aspect on September 17 and was director of markets at the time of his departure, according to a filing with Companies House. He had been with the firm since 2000 and had previously served as its chief operating officer.
His departure follows that of Adam, who along with Martin Lueck, Anthony Todd and Eugene Lambert, founded Aspect Capital in 1997. According to a filing with Companies House, Adam left on April 17 this year.
Prior to setting up Aspect, Adam, Lueck and David Harding founded AHL, the automated investment system that was bought by Man Group in 1989 to form Man AHL, which is now the biggest managed futures firm in the world overseeing about $22bn (€15.1bn) in assets.
Harding went on to form Winton Capital, the second-largest firm following the strategy with about $14.4bn of assets under management.
Aspect Capital managed $4.3bn of assets as of September 1, according to the company's website. Aspect's directors, employees and employee benefit trusts owns 75% of the company, with AIG Financial Products, a subsidiary of the recently nationalised US insurance giant AIG, listed as one of Aspect's two principal external shareholders.
Aspect declined to comment.
-- write to Matt Turner at mturner@efinancialnews.com
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