Jaeson Dubrovay, senior hedge fund strategist at NEPC, has joined hedge fund consulting firm Aksia LLC to replace Jake Walthour, who joined Citadel Investment Group as managing director and head of U.S. distribution last month. At Aksia, which was founded by Credit Suisse vet Jim Vos in 2007, Walthour was a partner and head of advisory services. Vos and Dubrovay did not return calls.
Dubrovay is set to join Aksia in March and will stay on with NEPC, where he advised institutional clients on hedge fund portfolios, through the end of February. The firm is actively looking at external candidates to replace Dubrovay, said Erik Knutzen, chief investment officer at NEPC. He added that the firm has some great picks lined up due to the shakeout in the market. The firm advises $330 billion, of which $21 billion is invested in hedge funds. Knutzen added that Dubrovay will also have the opportunity to work on discretionary hedge fund portfolios at Aksia, whereas NEPC doesn’t offer these services.
Since the firm’s founding, Aksia has brought on a slew of institutional clients, including the Philadelphia Public Employees Retirement System, the New York State Common Retirement Fund, the School Employees Retirement System of Ohio and both the Public Employees Retirement Fund and the State Teachers Retirement Fund in Indiana, among others.
—Anastasia Donde