June 19 (Bloomberg) -- Tom Adshead, head of research at Russian hedge-fund firm Kazimir Partners Ltd., said he’s left following its acquisition of Renaissance Asset Managers.
Adshead, who joined Kazimir a year ago from Sito Capital, said today in an e-mail he will be working on “other projects,” without elaborating.
His departure comes after Elena Kolchina, head of fixed income at Renaissance Asset Managers, said yesterday she is also leaving. Frank Mosier, Kazimir’s founder, didn’t immediately respond to calls or an e-mail seeking comment.
Kazimir, a hedge-fund firm focusing on Russia and the former Soviet Union nations, bought the fund manager in March from founder Stephen Jennings, whose Renaissance Capital investment bank has been dismantled over the past year. Started in 2003, Renaissance Asset Managers employs more than 50 people and oversees $2.8 billion in emerging markets, according to its website.
Kazimir Partners was founded in 2002 by Mosier and Dmitri Kryukov, both former senior executives at RenCap. It’s currently merging its team and funds with those of Renaissance, which focused on Russia, eastern Europe and Africa.
Adshead was previously head of research at investment bank United Financial Group in Moscow and a senior analyst at Troika Dialog before switching to portfolio management at Alfa Capital in 2006.
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