By Jacob Wolinsky. Originally published at ValueWalk.
John DeVoy, a long time analyst at Seth Klarman’s Baupost Group has left the hedge fund for a position at Loomis Sayles. Devoy formerly worked at Loomis before spending close to ten years at the Boston based hedge fund. The news was announced via a press release from Loomis. The statement says that DeVoy will be returning to the company “as a dedicated credit strategist for the flagship full discretion team.”
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Devoy was a managing director and later appointed principal sometime around 2008 according to a 2008 letter to investors.
John DeVoy – According to the press release:
John DeVoy was a vice president and high yield credit analyst covering chemicals, telecommunications and convertible bonds at Loomis Sayles from 2000-2002. He returns to Loomis from Boston University, where he was a full-time faculty member of the finance department with responsibilities including MBA Investments, Corporate Finance and Introduction to Finance. Prior to teaching at BU, John was a managing director at The Baupost Group from 2005-2013, where he was responsible for sourcing, analyzing and investing in corporate distressed debt and distressed structured products. John served as senior analyst for a start-up capital structure arbitrage hedge fund at Hammerman Capital Management from 2002-2005. Before his first stint at Loomis Sayles, he was a senior investment analyst at Liberty Mutual from 1995-2000.
John received his Bachelor of Arts degree from Harvard College in 1993 and his MBA with a concentration in finance from Boston College in 1994.
There is a slight discrepancy between the release and the letter on the position DeVoy held at Baupost. The fund did not respond to a request for comment.
The departure and hiring was first reported by Charles Stein of Bloomberg News earlier today.
The full press release can be found here.
The post John DeVoy, Former Baupost Director Hired By Loomis Sayles appeared first on ValueWalk.
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