Viking Global's Enright Is Said to Have Left the Hedge Fund Firmby
Enright, a senior portfolio manager, left on March 18
CIO Dan Sundheim is currently managing Enright's former team
Paul Enright, who oversaw investments in technology, media, telecommunications and consumer stocks for Andreas Halvorsen’s Viking Global Investors, has left the hedge fund firm, according to a person familiar with the matter.
Enright, who joined the $29.3 billion Viking in 2004 as an analyst, left on March 18 to spend time with his family before pursuing other opportunities, said the person, asking not to be identified because the information is private. The firm’s chief investment officer, Dan Sundheim, is currently managing Enright’s team.
Viking liquidated about $100 million worth of positions that Enright directly managed, the person said. The fund is keeping the majority of its portfolio, including investments in Amazon.com Inc., Netflix Inc. and Google parent Alphabet Inc. The $19.4 billion Viking Global Equities fund has fallen 9.9 percent through the end of February.
Rose Shabet, Viking’s chief operating officer, declined to comment on the departure, which was reported earlier this week by Institutional Investor’s Alpha. Enright couldn’t be reached.
Since January, the firm has reduced its leverage, bringing down total exposure to around 160 percent from 182 percent, the person said. It is only the second time Viking has undergone a major deleveraging since 2008, the person said.
Prior to joining Viking, Enright was an analyst at Morgan Stanley for three years, according to his LinkedIn profile.