Fund launches & closures Hedge Funds People moves

Farallon loses top value execs

by

The departing executives Bill Duhamel, Jason Moment, Ashish Pant and Rich Voon have left to launch their own fund.

One of the strongest platforms at Farallon Capital Management is losing its top talent.

Four members of the value team at Tom Steyer’s shop are leaving to launch their own fund, according to a letter the firm sent to investors.

The departing executives are Bill Duhamel, Jason Moment, Ashish Pant and Rich Voon. Farallon’s value team is understood to have performed well, and value equities represent about 8% of Farallon’s assets under management.

Andrew Spokes, co-managing partner of the firm, will be running the group. Spokes and Steyer are co-chief investment officers of Farallon. Spokes joined Farallon in