Daoud Zekrya joined long/short equity manager Gladstone Capital Management as president and partner.
The role is new, and Zekrya reports to George Michelakis, founder and chief investment officer, a spokesperson said.
Zekrya joined in September and leads the firm's initiatives around talent acquisitions and development. He is responsible for coaching and mentoring the analyst team, and will also work on improving Gladstone's communications around risk and performance, a news release said.
"His experience building high performing teams and developing talent at the top level will help to elevate our operations across the firm and ensure that the Gladstone team are empowered to deliver success for our investors," Michelakis said in the release.
Gladstone has $2 billion in global long/short equity assets and was founded in 2005. The firm's flagship Lasker Fund was up 19.75% for the year to Oct. 31, a person familiar with the strategy said.
The firm runs a concentrated portfolio of 25 long and 50 short investments, and research focuses on governance, industry structure evolution, structural change, corporate change, balance sheet structure, capital allocation and returns on capital.
Zekrya was involved in entrepreneurial ventures in the real estate sector, the release said. Prior to that, he was a partner at Marshall Wace. He joined the firm in 2001 as its first external hire to co-manage the "core" positions within its flagship Eureka Fund, the release said. The Marshall Wace Core fund was later spun out as a standalone strategy.
