Paul Ebner, a senior portfolio manager who helped run BlackRock’s $1.6 billion mutual fund that bets on and against stocks, is leaving for a job with the Canada Pension Plan Investment Board.
The BlackRock Global Long/Short Equity Fund, which Mr. Ebner helped run since its inception in December 2012, no longer lists him as one of its managers, according to an April 22 regulatory filing. He will exit this month, confirmed BlackRock spokesman Ed Sweeney.
Mr. Ebner, who referred a call for comment to Mr. Sweeney, is joining the C$282.6 billion ($217.1 billion) Toronto-based CPPIB as a senior portfolio manager on the quantitative team, according to a person briefed on the matter. Dan Madge, a spokesman for the CPPIB, didn’t immediately have a comment.
Mr. Ebner was part of BlackRock’s quant team, called scientific active equity, where he focused on global equity market-neutral strategies. That team has undergone recent changes. The group’s head, Ken Kroner, will retire later this year, according to a memo provided by the firm in January. As part of a reorganization, BlackRock said in the same memo that it would combine the group with the fundamental equity business, creating a new platform that would be managed by Raffaele Savi, Jeff Shen, Chris Jones and Nigel Bolton.