Bain Capital Hedge Fund Chief Ted Pappendick Said to Leave Post

  • Ex-Adage money manager Joshua Ross will replace him next month
  • Pappendick will remain as chairman before retiring in 2017

Ted Pappendick is leaving as head of Bain Capital’s hedge fund unit and will be replaced by a veteran money manager who had worked at Adage Capital and Och-Ziff Capital Management Group, according to two people with knowledge of the matter.

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