HSBC Private Bank’s executive Mark Pannes, will leave the wealth management arm of HSBC, to join the Raptor Evolution Fund, Financial News reports. Pannes will manage the direct investment fund, which focuses on small and mid-cap growth stocks. He will identify investment opportunities in the sports, media, entertainment, consumer goods and hospitality sectors for the hedge fund. Raptor Evolution is led by hedge fund manager, Jim Pallotta.
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