The firm co-founded by O. Andreas Halvorsen has had three CIOs in seven years — and more changes are coming, starting with an $8 billion reduction in size.
The firm, headed by Tiger Cub O. Andreas Halvorsen, announced it is returning some capital in two funds as longtime employee and chief investment officer Daniel Sundheim is departing.
In its fourth-quarter letter to investors, O. Andreas Halvorsen’s firm told clients it still likes the sector, even though it wiped out the majority of profits from the first half of 2015.
