Hedge fund-of-funds manager, Arden Asset Management, has appointed Coby McDonald as partner, Pensions & Investments reports. McDonald has also been named managing director and global head of client service and development. He has succeeded Stephen Cordy, who will leave the firm to pursue other opportunities after a transition period. Previously, McDonald served as vice president in the global consultant relations at Permal Group, a hedge fund-of-funds manager.
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