Stuart Roden co-head of developed markets at Lansdowne Partners, is set to become the first-ever chairman of the $18 billion hedge fund group by the end of the year, in order to develop talent within the group and work with chief executive Alex Snow on new investment strategies.

As chairman, Roden will continue to provide input to Lansdowne's developed market investment strategy, which feeds into long/short and long-only funds, according to a person close to the move. He will pay attention to risk control, large positions and themes.