Hedge Funds

Von Mueffling hires Front Point man


William von Mueffling has made his first hire in the race to get back into the hedge fund business following his shock departure from Lazard Asset Management in January, taking on Jim O'Brien of Front Point.

O'Brien, formerly with Tudor and Morgan Stanley, is working as chief operating officer for von Mueffling's new company which is expected to straddle the Atlantic with offices in New York and London.

Von Mueffling plans to launch his first fund in September and seemingly has not decided whether to start with a global equity fund or a European equity fund. Whatever option he chooses,