Stanfield Capital Partners, a New York-based money manager that runs several hedge funds, has hired a head of risk management.Gordon Yeager was previously with software vendor RiskMetrics Group, where he served as the head of the alternative investments area responsible for designing and implementing risk management frameworks for clients. Yeager said he will join the firm later this month.Christie Kinney, v.p. of marketing and client services, noted that Yeager's position is newly created. Kinney declined to comment further.
Stanfield manages roughly USD670 million in hedge fund strategies, including high-yield and distressed debt. "We appreciate the contribution [Yeager] made while working here and we wish him luck," said RiskMetrics spokesman Mike Thompson. The firm has not yet determined whether to replace Yeager, added Thompson.
