Daniel Kenneth Geren Jr. joined UBS O'Connor as managing director and chief investment officer of the firm's new environmentally oriented hedge fund strategy.
Mr. Geren and Gary Lisiewski, a managing director with responsibility for trading and capital markets for the new team, both were managing directors and energy-sector portfolio managers at Point72 Asset Management, a UBS O'Connor news release said.
The new strategy will focus on "the implications of climate change on companies directly impacted by the transition to a more sustainable, decarbonized global economy," the news release said.
The pair brought other investment professionals from Point72 with them to UBS O'Connor.
Sheryl Lee, a UBS O'Connor spokeswoman, did not immediately respond to an email request seeking the size of Messrs. Geren and Lisiewski's support team from Point 72.
Tiffany Galvin-Cohen, a Point72 spokeswoman, did not respond to an email request for information about replacements for Messrs. Geren and Lisiewski and the other former employees.
"I am confident that the team's industry knowledge will further extend UBS Asset Management's focus on climate-aware investment strategies," said Kevin Russell, UBS O'Connor's CIO, in the release.
UBS O'Connor managed $5.1 billion as of Dec. 31. Its parent company, UBS Asset Management, managed $903 billion as of the same date.