Hedge Funds

Kingdon brings in Sohn to replace Swergold

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Kingdon Capital Management is beefing up its technology team, which is also losing one member who is planning to start a new hedge fund.

Beginning on October 1, Paul Sohn started at $3.1 billion Kingdon as a portfolio manager covering software, replacing Mitch Swergold, who plans to launch his own long/short equity fund. At the same time, Kingdon is promoting John Wu from senior analyst to portfolio manager, covering internet stocks.

Sohn was most recently a managing director with Stanley Druckenmiller's Duquesne Capital Management, covering software, information technology and storage space. He was previously an analyst