Apollo Management's Mark Thompson Said to Be Leaving Metals Fund in June

Apollo Management LP’s Mark Thompson, manager of its metals hedge fund in London, is leaving in June, according to a person familiar with the matter.

The person, who can’t be identified because the change hasn’t been announced, didn’t give a reason behind the departure. Apollo put $40 million into the Apollo Metals Trading Fund, which started in March 2009, according to a U.S. Securities & Exchange Commission filing. The fund made money in the first quarter, the person said, without giving details.

The metals hedge fund trades industrial and precious metals and mining equities, Apollo said in the March 22 SEC filing. A call to Thompson’s office in London was referred to the company’s headquarters in New York.

Thompson, 37, was chief investment officer at London-based Galena Asset Management Ltd. before joining Apollo in 2008.

To contact the reporter on this story: Chanyaporn Chanjaroen in London at cchanjaroen@bloomberg.net.

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