Oakland Raiders exec steps back from hedge fund

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Hedge fund managers & sports teams

Paul Leff, who co-founded Perry Capital with Richard Perry in 1988, is stepping back from managing the hedge fund firm's portfolio full time, according to two people familiar with the situation.

David Russekoff, a 12 year Perry veteran, is now the firm's sole chief investment officer, according to the people. Russekoff had shared the role with Leff, who will remain at the firm but in a diminished role as vice chairman. Perry remains president and chief executive officer.

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