Hot Hedge Fund Coatue Hires Ex-Och-Ziff Executive

(Reuters) James Keith “JK” Brown, a top hedge fund marketer who left Och-Ziff Capital Management Group LLC last year, is set to join Coatue Management LLC to lead its investor relations unit, according to a person familiar with the situation. Philippe Laffont’s Coatue is again one of the hedge fund industry’s hot managers after double-digit investment gains in 2017 and early this year. The New York-based firm is best known for investing in technology stocks and has swelled to manage at least $12 billion last year. Och-Ziff, by comparison, has faced unwelcome attention of late related to management and regulatory issues even as performance has improved and assets have stabilized.

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