Hedge Funds People Moves

Kingdon taps SAC portfolio manager, Indus CCO

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The firm is up for the year and increasing its staff.

Kingdon Capital Management, which manages $4.98 billion, has been staffing up, adding a portfolio manager and legal executive. Kingdon Associates, the firm’s flagship global equity fund, gained 2.08% in April, leaving it up 2.79% for the year.

Jonathan Siegel, who invested in healthcare stocks at SAC Capital Advisors, joined the firm as a portfolio manager in late April, while Dennis Bertron, who was Indus Capital Partners’ chief compliance officer, joined in mid-May as an assistant general counsel and compliance associate. Kingdon confirmed the hires but declined further comment.

Siegel, a healthcare portfolio manager at SAC, worked at Steven Cohen’s