Jay Yoder, portfolio manager and co-founder of Tuckerbrook Alternative Investments, left the firm. Two Tuckerbrook employees who asked not to be identified said Mr. Yoder left after allegedly having ties to another employees attempt to move two funds to another firm. Thats not why I left the firm, said Mr. Yoder, reached by telephone at his home in North Carolina. He declined to elaborate, citing confidentiality and non-disparagement agreements he signed with Tuckerbrook. Mr. Yoder cannot seek work until mid-August because of a non-compete agreement.
Tuckerbrook is searching for a replacement portfolio manager.