Hedge Funds

Clinton Group adds Hughes as president, COO

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Clinton Group has hired Thomas Hughes as its president and chief operating officer, a new position. He will join the New York hedge fund firm on November 1 from Deutsche Asset Management, where he was global chief executive officer.

As head of all of Clinton Group's operational divisions, including legal, compliance and strategy, Hughes will be charged with advancing the $1.5 billion firm's strategic direction as it seeks to expand. Hughes's appointment "demonstrates our ongoing commitment to operational and investment excellence," said George Hall, Clinton Group founder.

Prior to joining Deutsche Asset Management in 2001, Hughes spent 17 years at