Hedge Funds People moves

HBK expands equities with JANA hire

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Joe Lee will work in New York for the Dallas firm.

HBK Capital Management has hired Joe Lee, formerly a senior managing director at JANA Partners, as a portfolio manager for the equity portion of the $5.85 billion Dallas firm’s multistrategy funds.

The role, which is new, is part of an expansion of HBK’s equities business amid $780 million in new fundraising during the first half of the year. The firm’s multistrategy funds produced a composite return of 5.97% in the first half, as compared to a 2.09% return for the AR Multistrategy Index in the same period.

Lee began working at HBK earlier this