February 8, 2011 (Bloomberg) — Jeff deGraaf, the top-ranked technical analyst in Institutional Investor’s annual survey every year since 2005, said he resigned from ISI Group Inc. A telephone message left in the office of Ed Hyman, the chairman of International Strategy & Investment, wasn’t returned. Nor was an e-mail to Vinayak Singh, the president of ISI Group.
DeGraaf previously worked for Lehman Brothers Holdings Inc. and Merrill Lynch & Co. In a telephone interview, deGraaf said he’d been managing his own money in a hedge fund since 2005. The fund invests in commodity futures because they offer leverage and low levels of correlation, and don’t present a conflict of interest with his work on U.S. equities, he said.
The 42-year-old father of three said he would begin the process of opening the hedge fund up to outside investors after spending some time this month skiing in Telluride, Colorado. He said he also expects to continue to publish research.
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