Gil Marchand, portfolio manager at Aladdin Capital Management, is expected to leave the firm in the coming weeks. He is anticipated to be considering opening up his own firm, though that could not be confirmed. Marchand, who is based in New Haven, Conn., declined comment. He is still an employee of Aladdin, but some in the market said the firm could be making an announcement about his departure as soon as today.
Joe Moroney, also a portfolio manager, would become the most senior portfolio manager at the firm. Aladdin, however, is also looking at adding two more portfolio managers in the next two to three months and has been conducting interviews both internally and externally. George Marshman, senior managing director, declined comment.
Marchand has been at Aladdin since 2001. He previously worked at Merrill Lynch Investment Management. According to Derivative Fitch data, the firm, based in Stamford, Conn., has about $15.5 billion in assets under management, as of Sept. 30, 2006.
