Sachem Head Capital Management, the activist hedge fund set up by Bill Ackman protégé Scott Ferguson, has been hiring from investment banks and offering new recruits promotions in the process.
Alex Birdall, a director in Credit Suisse’s capital services team, a division within within its prime services division which serves hedge fund clients, has just joined Sachem Head as a managing director within its marketing and investor relations team in New York. He worked at Credit Suisse for over seven years, having joined from UBS in June 2010.
Meanwhile, Euan Stevenson, who was a director in Barclays capital introductions team, has also joined Sachem Head as a managing director. Stevenson spent 12 years at Barclays, initially working within its wealth management division on hedge fund due diligence, before moving across to its investment bank. Again, the capital introductions team at Barclays is a sales function that sits within its prime broking division.
Sachem Head has around $4.5bn in assets under management and was set up by Scott Ferguson in July 2013. Ferguson joined Pershing Square Capital as an analyst in September 2003, and spent 13 years working with its founder and chief executive Bill Ackman.