Stanley Fink, former chief executive of Man Group plc, one of the world’s leading alternative investment groups, has joined International Standard
Stanley Fink, former chief executive of Man Group plc, one of the world’s leading alternative investment groups, has joined International Standard Asset Management as Chief Executive Officer.
Stanley Fink is one of the UK’s most highly respected businessmen. In a 21 year career with Man Group he oversaw the transformation of the business from a medium sized private company largely focused on agricultural commodity trading with small interests in futures broking and hedge fund management to a world leader in alternative asset management through a combination of organic growth and selective acquisition. Mr Fink stepped down as Chief Executive Officer of Man Group in March 2007 but remained on the Board as Deputy Chairman. He retired from the Board at Man Group’s AGM in July 2008.
The International Standard Gold Fund was established by Roy Sher in 2003 and was followed by the launch of the International Standard Macro Fund together with Alan Amler in 2007. Mr Sher is a highly regarded trader who, prior to establishing the International Standard Funds, enjoyed considerable success at Merrill Lynch in both Hong Kong and London.
As Chief Executive of ISAM, Stanley Fink will assume responsibility for the operational management of the business, using his experience in the High Net Worth and Institutional Asset Management sectors to develop marketing and distribution systems and processes that will support the future growth of assets under management. He will work closely with, and be supported by, Lord Levy who has joined ISAM as Chairman. Lord Levy has built and sold several successful companies and his extensive business network will form an important part of ISAM’s marketing approach. Roy Sher and Alan Amler will focus on the trading of the International Standard Funds, as well as any new funds launched by ISAM.
The ISAM funds have shown very strong performance since inception. The Gold Fund has returned an average of 17% per annum over the past four years, while the Macro Fund returned over 16% in its first year of trading. The majority of the assets invested in the two funds have come from High Net Worth individuals, providing a solid base on which the new management team will be looking to build.
