Head of event-driven investing at Och-Ziff Capital Management Group has resigned from his current position, Reuters reports. Massimo Bertoli, who managed the hedge fund firm’s event-driven investment strategies, was based in London.

Additionally, Ricardo Lavilla, a colleague of Bertoli is also leaving Och-Ziff. The New York-based firm, which manages $30 billion in assets, will not exit any of its investments and continue to be committed to the event-driven investment style.

Click here for the story from Reuters.

Click here for additional coverage from Bloomberg.