Viking Global’s Credit Head Leaves After Hedge Fund Merges Teams

Viking Global Investors’ head of credit, Patrick Dowd, has left the hedge fund after three years, according to a letter seen by Bloomberg.

Dowd oversaw credit investments and until recently led the firm’s structured capital fund.

Earlier this year, Viking decided to combine the private equity and structured capital teams, which led to Dowd’s exit, according to the letter.

“We have been exploring with Pat a public-credit-focused role, but were unable to align on one that was both compelling to him and consistent with Viking’s objectives,” the letter said.

Dowd didn’t immediately respond to a request for comment, ...