Easy come, easy go. Anthony Noto, who so far owes a big part of his career to Twitter, was named chief financial officer of the social media firm. He will start his new job sometime within the next 30 days, according to a regulatory filing. Noto was co-head of Goldman Sachs’ technology, media and telecom investment banking group from September 2011 to May 2014. While at Goldman, he is widely credited with convincing Twitter to use Goldman to lead its initial public offering. In May he left Goldman to join hedge fund firm Coatue Management, headed by Philippe Laffont. However, Twitter, whose stock is down 35 percent in the first half of the year, quickly grabbed him. Noto will receive a $250,000 salary, 1.5 million Restricted Stock Units vesting over four years and an option grant to buy 500,000 shares of Twitter stock at an exercise price equal to the closing price of Twitter’s stock on the date of grant and vesting over four years.
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Oceanwood Capital Management, a multistrategy hedge fund led by ex-Goldman Sachs executive Christopher Gate, received a $50 million investment from School Employees Retirement System of Ohio (SERS), according to Reuters. The firm has a total of $1.85 billion under management. Oceanwood was spun out of Tudor Investment Corp., where Gate reportedly had spent six years. Oceanwood was up 3.4 percent through May and has raised more than $500 million this year alone, according to Reuters, citing a source. SERS also gave money to Redwood Offshore Fund and PRISA II, a real estate fund.
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Jamie Cooper-Hohn, the wife of Christopher Hohn, founder of The Children’s Investment Fund Management (TCI), is seeking about half of the couple’s reported $1.4 billion in wealth in what is shaping up to be perhaps the largest divorce award made in a British court, according to the Guardian. Christopher Hohn’s lawyers say she is entitled to 25 percent of the assets. TCI manages around $8 billion in assets. The couple also established a high profile charity, the Children’s Investment Fund Foundation (CIFF), which reportedly holds $4.3 billion. Cooper-Hohn is the chair. The couple met at Harvard and married in 1985.
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New Providence Asset Management, which manages more than $2.8 billion of assets for institutions and family offices, named Jeannine Caruso and Brooke Parish as senior members of the investment team and partners. Caruso was most recently chief investment officer for the $250 million Dyson Foundation. Parish spent nine years at York Capital Management, where he was a partner and led the client advisory group.