Joseph Scoby will join multistrategy hedge fund Magnetar Capital Partners in April as head of quantitative investments.
Mr. Scoby will focus on “further building out our quantitative strategy and alternative smart beta businesses” in the new position, said Brookly McLaughlin, spokeswoman, in an e-mail.
Mr. Scoby was CEO, chief investment officer and owned 50% of multistrategy hedge fund manager Achievement Asset Management. Mr. Scoby closed the firm and returned the $875 million it managed late last year.
Magnetar manages $13.5 billion.
Lynne Marek, a senior reporter at sister publication Crain’s Chicago Business, contributed to this story.
