Monroe Trout passes baton to Tewksbury

Investors and hedge funds have been digesting the news of Monroe Trout's stepping down from his eponymous fund management company.

However, London-based fund of funds group Momentum, believed to have several hundred million dollars invested in Trout, has no plans to redeem its investment due to the restructure.

Trout is handing over majority ownership of Trout Trading Management Company to CEO Matthew Tewksbury in April. Tewksbury will become chairman and president and the firm will be re-named

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