NEW YORK (HedgeWorld.com)–Gordon Yeager joined managing director and head of risk management, with responsibility across investment strategies, at Stanfield Capital Partners LLC, this month.
Previously he was at Riskmetrics Group, heading the team responsible for designing and implementing risk management systems for hedge funds, funds of funds and their investors. Prior to Riskmetrics, Mr. Gordon was director of strategic projects at Algorithmics, Inc., where his responsibilities included managing the implementation of several large-scale risk control systems at Morgan Stanley. He began his career in 1993 at Ernst and Young, where he worked on risk calculation for consulting assignments.
At Stanfield Capital he reports to Dan Baldwin, managing partner and chief investment officer. “We are delighted to have Gordon join our organization as we feel risk management is one of the most critical aspects of our investment management process,” said Mr. Baldwin, in a statement.
“The integration and rigorous control of process and risk is essential to the way we build and manage our investment products,” stated Steve Alfieri, Stanfield managing partner and senior portfolio manager. “We think Gordon’s comprehensive knowledge of risk management will be a tremendous resource to the firm and our clients.”
New York-based Stanfield Capital, founded in 1998, specializes in credit-based alternative strategies, including investment grade debt, leveraged loans, high-yield bonds and distressed/special situations. It managed more than US$9 billion in assets across all strategies as of June 30, 2003.
Bermuda-based reinsurer XL Capital acquired a minority interest in Stanfield in 2001, and the two firms cooperate in structured transactions Previous HedgeWorld Story.