Robert Stockton joined multistrategy hedge fund manager Visium Asset Management as director of investor relations with oversight of marketing and client service, Jonathan Gasthalter, a company spokesman, said in an interview.
Mr. Stockton replaces Kenneth Klee, who was named Visium's director of communications, a new position, Mr. Gasthalter said.
Mr. Stockton was executive director and head of investor relations at multistrategy hedge fund manager FrontPoint Partners. Scott Tagliarino, a FrontPoint spokesman, declined to comment.
FrontPoint Partners has been hit by high redemption requests since last November after news broke that former portfolio manager Joseph F. “Chip” Skowron was being investigated about insider-trading allegations. Mr. Skowron pleaded guilty to one count of conspiracy in connection with the case on Aug. 15.
FrontPoint liquidated its flagship multistrategy hedge fund and most of its single-strategy hedge funds earlier this year in response to client withdrawals.
FrontPoint oversaw $7.5 billion at the beginning of November 2010 prior to the insider-trading scandal. Assets were down to $3.6 billion according to the firm's July 8 ADV filing with the SEC. In September, FrontPoint's assets were further reduced by an additional $1.1 billion after the management team of the FrontPoint-SJC Direct Lending Fund, led by portfolio manager Stephen J. Czech, left the firm to form a new company, Czech Holdings.
