Hedge Funds

Coup thought to be behind changes to Viking

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The sweeping reorganization Viking Global Investors outlined to its investors last month is an attempt to revive the firm's lagging performance by playing to the strengths of the founding partners - but one which some investors are interpreting as a palace coup against chief investment officer Andreas Halvorsen.

Under the plan outlined in the letter on April 4, Halvorsen said that, going forward, he would share his chief investment officer duties with fellow founder and consumer stock specialist David Ott, while Brian Olson, the firm's third founder, will take a sabbatical, during which time he will think about expanding