Hedge Funds People Moves

Kingdon PM Manish Mittal departs, Michael Mackey named co-CIO


The changes occur as Mark Kingdon’s firm comes back from losing 17% in 2011.

  Mark Kingdon (Photo: Bloomberg)
More changes are underway at Kingdon Capital Management as the $2.52 billion firm continues to recover from a 17.63% loss in its flagship Kingdon Associates Fund last year.

Manish Mittal, one of two cyclical portfolio managers at the long/short equity and credit firm, left at the end of June after two years. The remaining sector PM, firm co-chief investment officer Richard Rieger, has assumed responsibilities for industrials, according to a letter sent to investors today.

Mittal, who previously worked at Kingdon from 1996 to 2001 before time at