Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:After Fidelity, an Ousted Star Becomes a Hedge Fundster Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, June 18, 2019

After Fidelity, an Ousted Star Becomes a Hedge Fundster

News summary by MFWire's editors

A former star PM at the Boston Behemoth is back less than two years after being ousted, but he's shifted to another part of the industry.

Gavin Baker
Atreides Management
Chief Investment Officer, Managing Partner
The Wall Street Journal and Citywire report that Gavin Baker recently launched a Boston-based hedge fund shop, Atreides Management (perhaps he's a Dune fan?), with about $300 million in AUM. Baker serves as chief investment officer and managing partner of the startup, and he is known as a tech stock investor.

Baker spent the first 18 years of his career at Fidelity, eventually serving as the PM of the Fidelity OTC Fund. Yet he left (reportedly at the order of none other than Fidelity CEO Abby Johnson) in the fall of 2017 after being accused of sexual harassment. Baker, through a spokesman, denied the allegations at the time and continues to do so.

At first, it appeared that Fidelity would have a connection with Baker's new firm, but no longer. The WSJ reports that Goldman Sachs and Morgan Stanley serve as Atreides' prime brokers and that Fidelity also served in that capacity until dropping Atreides after the paper asked about the connection.

"Given the appearance that Atreides's use of our prime brokerage services could be seen as an endorsement by Fidelity of the hedge fund, we've decided to terminate our relationship," a Fidelity spokesman told the paper the day after the inquiry. "We do not endorse specific hedge funds." 

Edited by: Neil Anderson, Managing Editor


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q4Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use