People Moves

Former Eddington CIO Allen joins Sciens

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Alex Allen has joined Sciens Fund of Funds Management as a senior portfolio manager, reporting to Stavros Siokos, president of the fund of hedge funds and management account platform businesses.

Allen was a co-founder and chief investment officer of Eddington Capital Management, which was set up in London in 2003. He managed Eddington’s two flagship products –including the Eddington Macro Opportunities Fund, which won the InvestHedge New Fund award after generating a 25% return in 2008.

Backed by Caledonia Investments, Eddington decided to close shop in 2010 after seeing assets continue to fall. Prior to Eddington, Allen was