Taconic appoints co-CIO
Taconic Capital Advisors, an $11 billion, New York- and London-based hedge fund firm focused on event-driven, multi strategy investments, has appointed Nate Kempner, a principal and co-chair of the firm’s Investment Committee, as co-chief investment officer, alongside Taconic’s co-founder, Frank Brosens.
The move comes following the decision of Christopher DeLong to retire from his role as principal and chief investment officer at the end of the year.
DeLong has long played a leadership role on the investment team at Taconic, having served as a principal of Taconic since the firm’s inception in 1999, portfolio manager from 2008 to 2012, and chief investment officer from 2013. More recently, DeLong has been focused on managing liquidity and risk management for the firm, as well as overseeing a small higher volatility equity-oriented portfolio at Taconic, which he will continue to manage outside of the firm.
Kempner joined Taconic in 2010 and has served as a principal on the North American credit team since 2021. In addition to serving as co-chair of the Investment Committee alongside Brosens since July 2022, Kempner has also served as a member of the Portfolio Risk Committee. Going forward, Brosens and Kempner will have oversight for sizing individual positions and capital allocation across Taconic’s investment portfolios. Brosens will also continue to serve as risk manager and chair of the Risk Committee.
Kempner received a BS in Engineering Science (Electrical) and Economics, cum laude and with distinction, in both majors, from Yale University. He also received an MBA, with high distinction, from Harvard Business School where he graduated as a Baker Scholar and received the John L Loeb Award.