{
  "id": 7281835,
  "title": "Atreides taps Lone Pine co-CIO in senior leadership hire",
  "url": "https://urgent.news/2026/09/14/atreides-taps-lone-pine-co-cio-in-senior-leadership-hire",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-14T08:50:57.000Z",
  "source": {
    "name": "Hedgeweek",
    "slug": "hedgeweek",
    "url": "https://www.hedgeweek.com/atreides-taps-lone-pine-co-cio-in-senior-leadership-hire/"
  },
  "original_language": "en",
  "account": "Technology-focused hedge fund Atreides Management has bolstered its senior investment team by hiring Lone Pine’s co-chief investment officer Kelly Granat, according to a Financial Times report. Granat is anticipated to take on the role of president and co-CIO at Atreides early next year, joining forces with fellow co-CIO Gavin Baker. The appointment marks a significant leadership shift for Atreides, which oversees roughly $15 billion in assets and has a proven track record of early investments in high-growth technology firms, such as SpaceX and Cerebras Systems. Gavin Baker, who spent 18 years at Fidelity Investments before departing in 2017, is now a well-known technology investor, backing companies linked to Elon Musk such as Tesla and SpaceX. Granat comes from Lone Pine Management, a $20 billion long-short hedge fund established by ex-Tiger Management portfolio manager Steve Mandel in 1997. She has spent nearly two decades at the firm, most recently serving as co-CIO. Lone Pine disclosed Granat's departure on Friday, stating that the changes were part of a long-term succession strategy. The firm announced that Rahul Anne and David Craver would assume the role of co-CIO, with Craver retaining the final investment decision-making authority under the new setup. Lone Pine reportedly suffered a 36% loss in 2022, with LCH Investments estimating the firm to have incurred around $10.9 billion in losses that year. Despite the setbacks, Lone Pine's long-short strategy has produced an annualized return of 14.2% since its inception, as of the end of June, according to a source familiar with the firm's performance. Atreides and Lone Pine were reportedly uninterested in commenting on Granat's move.",
  "summary": "Atreides Management, the technology-focused hedge fund founded by former Fidelity investor Gavin Baker, is strengthening its senior investment team with the appointment of Lone Pine’s co-chief investment officer Kelly Granat, according to a report by the Financial Times.",
  "key_points": [
    "Atreides Management hires Lone Pine's co-CIO Kelly Granat.",
    "Granat to become president and co-CIO at Atreides next year.",
    "Lone Pine replaced Granat with Rahul Anne and David Craver."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}