Highfields Capital Managing Director Farhad Nanji Has Left Firmby
Nanji had worked at Highfields Capital for nine years
Manager focused on distressed securities, structured credits
Farhad Nanji, a managing director at Highfields Capital Management, has left the investment firm, according to a person with knowledge of the matter.
Nanji, who worked at Highfields for nine years, focused on investments in distressed securities, restructurings, structured credits and global financial services, according to a biography on the website of PennyMac Financial Services Inc., which lists him as a board member.
At Highfields, which occasionally takes activist positions, Nanji helped push for management changes at CoreLogic Inc. in 2012 when the investment firm was its biggest shareholder. He and Chief Executive Officer Jon Jacobson sent a letter in March of that year to the company’s chairman calling for new directors.
Highfields told investors at the end of 2015 that Nanji was leaving the firm. Todd Fogarty, a spokesman for Highfields at Kekst & Co., declined to comment. Nanji didn’t respond to e-mailed requests for comment and a call to his office phone was answered by a recording that said he no longer worked for Highfields.
Jacobson, 55, founded Highfields in 1998 after managing equities for Harvard University’s endowment.