InfraHedge, the State Street-owned managed account platform with over USD7.6bn of client assets, has appointed Robert Picard to the newly-created role of president, InfraHedge North America.
Picard (pictured) will lead InfraHedge’s North American business and further strengthen the firm's global management team. He brings more than 20 years’ experience and a deep knowledge of the hedge fund industry.
He will report directly to Akshaya Bhargava, InfraHedge's co-founder and chief executive officer.
"Robert has been closely involved with InfraHedge since 2012, initially as a senior advisor, and his input has been incredibly valuable,” says Bhargava. “In the light of our current and projected growth over the next two years, we are very pleased to have someone of his calibre joining our business in North America. His expertise in managed accounts and visible enthusiasm for next generation solutions for the hedge fund industry will benefit both our clients and our firm.”
"I am delighted to be leading InfraHedge in North America; it is a unique model in the managed account industry and is already playing an important role in driving the evolution of this sector towards greater investor choice and transparency,” says Picard. “Its pure-play and conflict-free business model, solely focused on providing infrastructure for dedicated separately managed account programmes for large institutional clients, was one of the main things that attracted me to the role.”
Picard has hands-on experience building three multi-billion dollar hedge fund platforms at The Carlyle Group/Rock Creek, Optima Fund Management and RBC Capital Markets. Most recently he has been a leader at Lyxor Asset Management, Navigant Consulting’s Financial Institutions Restructuring and Solutions Team and Boxtree Capital (his own firm), as managing partner advising emerging hedge fund managers.