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Former Moore Investment Officer Joins Campbell

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BALTIMORE (–Campbell & Co. hired Kevin Heerdt, previously of Moore Capital, as executive vice president, effective March 18.

Mr. Heerd was managing director and chief investment officer from 1999 to 2002. He managed Moore’s non-trading investments, including private equity, hedge funds of funds, joint ventures and long-term assets. His responsibilities included oversight of internal trading managers’ allocations, strategic planning for technology and the firm’s risk management.

Before that Mr. Heerdt was a partner and director at Moore, managing the firm’s derivatives trading, including activities in fixed income, equities and foreign exchange. He also had oversight of the quantitative research and risk management groups.

At Campbell Mr. Heerdt will help oversee the overall growth of the firm, with a focus on risk management, research and the development of quantitatively based hedge fund and options strategies, according to Bruce Cleland, president and chief executive of Campbell.

Campbell, a manager of global futures, currencies and equities portfolios, has been expanding fast. Late last year it increased minimum investment requirements for its commodity trading adviser pools in order to slow down capital inflow. Assets under management have grown to US$4.7 billion from US$3.6 billion in December 2002.

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