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Regiment Hedge-Fund Founder Tim Peterson to Step Down

Bloomberg – Tim Peterson, who founded the $7 billion Regiment Capital Advisors LLC in 1999 after a decade at Harvard University’s endowment, plans to step down from day-to- day management of the hedge fund in mid-2014.

Peterson, 51, will take on a mentoring role at the firm after he stops managing money, said Diana Pisciotta, a spokeswoman for the Boston-based credit fund. Regiment partners Mark Brostowski and Bill Heffron will continue to run the portfolios, while Thomas Sorbo and Chris Kaster will head the non-investment parts of the business.

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