Magnetar hires industry vet Davies to lead business development

Stuart Davies, who is well known in hedge fund industry circles for his roles at AllianceBernstein and Ramius Alternative Investments, has joined Magnetar Capital.

His new role will be head of business development, systematic investing. Davies officially made the move to Magnetar on August 16 and is based out of the firm’s Evanston, IL headquarters.

“Our Systematic Investing business is seeing an increase in demand for our products and solutions as investors continue to adopt our belief that systematic hedge fund returns are a critical portfolio component,” said Alec Litowitz, founder, CEO and head . . .

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