Launches & Closures Hedge Funds

FrontPoint grabs Rockbay event-driven execs for multistrat buildup

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FrontPoint continues its plan to expand its multistrategy fund, grabbing four employees, including the founder, from Rockbay Capital.

FrontPoint continues its plan to expand its multistrategy fund, grabbing four employees, including the founder, from Rockbay Capital.

Morgan Stanley’s $7 billion FrontPoint Partners has hired several senior executives from Rockbay Capital Management, an event driven and special situations hedge fund firm, as part of its plan to expand its multistrategy fund. Rockbay, founded in 2002 by former Och-Ziff Capital Management partner Atul Khanna, is in the process of liquidating its Rockbay Capital Commitment Master Fund, according to a former employee.

Khanna, will head up the event-driven and special situations strategy within FrontPoint’s $2.6 billion FrontPoint Multistrategy Fund.