A former Citadel and BlueMountain portfolio manager has landed herself a new job running global credit at one of Canada's biggest hedge funds
- Marina Lutova Meyers, a former portfolio manager at Ken Griffin's Citadel and Andrew Feldstein's BlueMountain, has joined Toronto-based Polar Asset Management.
- Meyers was previously a portfolio manager in Citadel's fundamental relative-value team, and will now lead the global credit strategy for the $5.3 billion Canadian firm.
- According to sources familiar, Meyers was considering starting a fund of her own but ultimately decided to join one of Canada's largest hedge funds.
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One of Canada's largest hedge funds has added a new head of global credit.
Marina Lutova Meyers is currently running the global credit strategy for the $5.3 billion multi-strategy manager Polar Asset Management, according to her LinkedIn, as of November.
Meyers, who sources say was considering starting a fund of her own, left Ken Griffin's Citadel in September, according to a story from Bloomberg. She had been a portfolio manager on the $35 billion manager's fundamental relative-value team for more than two years.
Prior to joining Citadel, Meyers worked for Andrew Feldstein's BlueMountain Capital, as a partner and portfolio manager. BlueMountain, which was known for its credit prowess, shut down its hedge fund offerings last year to focus on the collateralized loan obligation market after an attempt to break into the equities space.
Prior to BlueMountain, Meyers also worked for a year at Ray Dalio's Bridgewater as a senior investment associate and at consulting giant McKinsey.
See more: The asset manager of the future looks like a consultant. Here's how firms like BlackRock, PIMCO, and Invesco are preparing for it.
Meyers and Citadel declined to comment while Polar did not respond to requests for comment.
Polar's website states that it has eight "strategy leads" which Meyers says she is one of on her LinkedIn; the firm's multistrategy fund is overseen by CIO and co-founder Paul Sabourin. In total, there are 11 strategies and three funds at Polar, with 37 investment professionals.
Had Meyers started her own fund, she would have been one of a few women with her own firm in the male-dominated space. Last year, Samantha Greenberg closed her Margate Capital to join Citadel, and one of the most powerful women in finance — former Bridgewater co-CEO Eileen Murray — left the world's biggest hedge fund this spring and recently settled with her old firm over a pay dispute of $100 million in compensation.
Read more: $42 billion Tiger Global is trying to diversify its staff — and its hired a McKinsey recruiter to help it look beyond 'a limited number of New York investment firms' for talent
A recent EY survey of the alternative investment space found that nine out of every ten hedge funds have investment teams that are only 30% female or less. More than half of respondents said that women make up less than 10% of their investment teams.
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