Och-Ziff Capital Management, one of the world’s largest hedge fund firms, has hired Matt Todd from rival Stark Investments, where he was head of sales for Europe, Asia and the Middle East. Todd will join the London office of the $24.6bn (€18bn) manager in early summer.

Todd spent three years at Stark, which has its headquarters in Milwaukee. The firm's assets fell by about 30% in 2009 to $6bn, according to Absolute Return + Alpha magazine.