Hedgeye Risk Management, a Stamford-headquartered provider of investment research and online financial media firm, has hired finance industry veteran David Salem as managing director of capital allocation, with the focus on leading a new institutionally-oriented research service called CIO Corner.
According to the company, Salem and the CIO Corner research team will identify opportunities and risks for deploying capital over planning horizons designed for effective management of large-scale investment programs. These opportunities and risks will be separated into multiple tranches based on intervals over which Hedgeye’s analyses suggest they will manifest in markets.
Prior to joining Hedgeye, Salem was a research partner at Sparkline Capital and an advisor to institutional investors. He was also founding president and chief investment officer of The Investment Fund for Foundations, a Boston-based firm managing $8 billion as outsourced CIO to nonprofits and foundations. The Wall Street Journal cited Salem as being one of the 30 most influential professional investors.
“I am beyond humbled to have someone of David’s caliber, principles, and integrity join our research team,” said Hedgeye CEO Keith McCullough. “He is a consummate market practitioner with decades of in-the-seat experience in the markets. Hedgeye’s goal is to bring world-class investment research to all investors, whether they’re foundations, hedge funds, day traders or financial advisors. I have no doubt David’s broad and deep knowledge base and investing acumen will enable him to generate alpha for our subscribers.”
“Hedgeye’s institutional research offering has traditionally catered to the largest hedge funds and fund managers on Wall Street,” added Director of Research Daryl Jones. “Combining David’s considerable experience with our investment research was a no-brainer as we think about serving the needs of this sophisticated class of capital allocators.”
