NEW YORK–(BUSINESS WIRE)–Taconic Capital Advisors, LP, a global alternative investment manager, today announced that Christopher DeLong will be retiring from his role as Principal and Chief Investment Officer at the end of the year. Nate Kempner, a Principal and Co-Chair of the Firm’s Investment Committee, will assume the role of Co-Chief Investment Officer alongside Taconic’s Co-Founder, Frank Brosens.
Mr. DeLong has long played a leadership role on the investment team at Taconic, having served as a Principal of Taconic since the Firm’s inception in 1999, Portfolio Manager from 2008 to 2012, and Chief Investment Officer from 2013. Throughout his career, he has played important roles helping to steer the Firm through market crises, adapt investment portfolios to changing market environments, and drive critical business-building initiatives forward. More recently, Mr. DeLong has been focused on managing liquidity and risk management for the Firm, as well as overseeing a small higher volatility equity-oriented portfolio at Taconic, which he will continue to manage outside of the Firm.
Frank Brosens, Principal and Co-Founder of Taconic said, “On behalf of everyone at Taconic, I cannot thank Chris enough for his partnership, commitment, and dedication in helping to build Taconic into the firm we are today. He has made countless contributions over the years, and it has been a privilege to watch him grow into such an accomplished investment professional. I have every confidence he will continue to achieve great success in his future endeavors.”
Mr. DeLong, added, “Twenty-four years ago, I had the opportunity of a lifetime to be a day-one employee of Taconic. It has been as rewarding a quarter of century as anyone could hope for. I will always owe a great and enduring debt to the Firm’s founders, Ken Brody and Frank Brosens, for giving me the unique opportunity to help build a world-class financial institution from the ground up. Taconic is on strong footing, and I cannot think of two better investors than Frank and Nate to serve as stewards of investors’ capital during this next chapter of the Firm’s lifecycle.”
Taconic has long maintained thoughtful succession plans and, since its founding, has designed its operational infrastructure to ensure that, via a team-oriented approach, there is a seamless transition of responsibilities when a senior partner departs the Firm. The transition of Mr. DeLong’s investment responsibilities to Messrs. Brosens and Kempner is part of Taconic’s existing succession plan.
Mr. Kempner joined Taconic in 2010 and has served as a Principal on the North American credit team since 2021. In addition to serving as co-Chair of the Investment Committee alongside Mr. Brosens since July 2022, a role in which he has been instrumental in determining an optimal framework for overall asset allocation, Mr. Kempner has also served as a member of the Portfolio Risk Committee. Going forward, Messrs. Brosens and Kempner will have oversight for sizing individual positions and capital allocation across Taconic’s investment portfolios. Mr. Brosens will also continue to serve as Risk Manager and Chair of the Risk Committee.
Mr. Brosens added, “Nate possesses the investment acumen, track record and strategic vision to lead Taconic with me as Co-Chief Investment Officer. He is a talented investor who has earned the trust and respect of our investors and colleagues, and his intellectual curiosity, understanding of our business and collegial approach make him the ideal senior investment professional to continue building and growing our Firm over the coming years. I have the same confidence in Nate that I had in Chris many years ago.”
“I am honored to be given the opportunity to co-lead Taconic’s investment team, whose portfolio managers and investment professionals are amongst the brightest in our industry and who are deeply committed to the principles that drive our mission as a world-class investment firm,” said Mr. Kempner. “I am looking forward to building on the strong foundation that is already in place and working closely with Frank and our entire Firm to continue our legacy of investment success.”
Mr. Kempner received a B.S. in Engineering Science (Electrical) and Economics, cum laude and with distinction, in both majors, from Yale University. He also received an M.B.A., with high distinction, from Harvard Business School where he graduated as a Baker Scholar and received the John L. Loeb Award.
About Taconic Capital Advisors, LP
Taconic Capital Advisors L.P. is a global institutional investment firm that pursues an event-driven, multi-strategy investment approach designed to generate strong, risk-adjusted returns over multiple market cycles. Taconic was founded in 1999 by former Goldman Sachs partners Frank Brosens and Ken Brody. The firm has approximately $7 billion of total assets under management with offices in New York, and London and more than 100 employees worldwide. For more information, please visit www.taconiccap.com.