Apollo’s Mark Thompson Leaving Metals Fund in June

Date: Friday, April 30, 2010
Author: Chanyaporn Chanjaroen, Bloomberg

Apollo Management LP’s Mark Thompson, the manager of its metals hedge fund in London, is leaving in June.

Thompson’s departure was confirmed by Carolyn Sargent, an external spokeswoman for Apollo in New York. She declined to comment further. Apollo put $40 million into the Apollo Metals Trading Fund, which started in March 2009, according to a U.S. Securities and Exchange Commission filing.

The metals hedge fund trades industrial and precious metals and mining equities, Apollo said in the March 22 SEC filing. Thompson, 37, was chief investment officer at London-based Galena Asset Management Ltd. before joining Apollo in 2008.

To contact the reporter on this story: Chanyaporn Chanjaroen in London at cchanjaroen@bloomberg.net.