Antonio Munoz-Sune, CEO of hedge funds-of-funds manager EIM Management USA, has left the firm, confirmed a source with knowledge of the move who asked not to be identified.
Mr. Munoz-Sune headed the American unit for four years. The New York office’s hedge fund-of-funds’ investments did not include investment in Bernard L. Madoff Investment Securities, unlike the parent company, EIM SA, based in Nyon, Switzerland.
The American unit will be headed on an interim basis by Gary Yannazzo, COO, according to the source.
Patrick Clifford, an EIM spokesman, declined to comment on personnel-related matters.