Newly-launched alternative investment manager Duff Capital Advisors has announced the addition of two new investment teams and built out its senior management with the appointment of Andre
Newly-launched alternative investment manager Duff Capital Advisors has announced the addition of two new investment teams and built out its senior management with the appointment of Andrew Wilder, Mike Khorrami, Charles Lerner, Laura Flynn and Maria Berenguer.
The strategies for the two new teams are focused on the utilities and merchant power sectors, led by Vedula Murti, and on various financial services sub-sectors, led by Morid Kamshad.
‘We are methodically gaining critical mass by strategically seeking the highest calibre investment teams and experienced senior leaders, which will allow us to develop both stand alone and blended investment strategies,’ says the firm’s founder and chief executive Phil Duff.
‘These individuals and investment teams greatly add to the experience, diversity and capabilities of DCA. We will continue to expand our strategies to include additional skill-based, non-correlated investment strategies and are committed to providing our clients with customised solutions.’
The Duff Capital partnership model is designed to enable investment talent to develop and focus on their expertise and strategies while benefiting from the firm’s risk management, operational, trade execution, legal and investor relations capabilities.
Wilder, who becomes the firm’s chief financial officer, was previously chief operating officer and chief financial officer of North Sound Capital, which he co-founded in 2001. He earlier headed operations at C. Blair Asset Management, an equity hedge fund based in Greenwich, Connecticut. Wilder began his career in audit and financial services with Deloitte & Touche in Toronto and the Cayman Islands.
Khorrami, who becomes a managing director in the investment manager sourcing group, joins from Millennium Advisors, where he was responsible for business and performance oversight of the firm’s credit and fixed-income strategies.
He was earlier chief operating officer in charge of trading at Brevan Howard, where he was instrument in the development of the firm into a multi-asset class, multistrategy platform. Khorrami began his career in foreign exchange options and hybrid derivatives trading at JP Morgan, subsequently becoming head of trading for non-equity products at Tiger Management and a portfolio manager at Credit Suisse and Omega Advisors.
Lerner, who joins Duff Capital as chief compliance officer, has more than 30 years experience in compliance and regulatory matters in the financial service industry, most recently as chief compliance officer of UBS-owned hedge fund investment adviser Dillon Read Capital Management.
He was previously a managing director for compliance and fiduciary risk at Bankers Trust Company, Deutsche Bank and BlackRock Financial Management, following spells as an attorney and senior counsel in the division of enforcement at the Securities and Exchange Commission in Washington DC and Director of Erisa Enforcement within the agency at the US Department of Labor that regulates private company pension plans.
Flynn, who joins Duff Capital as a managing director in the client advisory group, was previously a vice-president at Lehman Brothers focusing on institutional credit sales, specialising in corporate bonds, hybrid capital, single-name credit default swaps, credit derivative index products and collateralised debt obligations. She earlier worked in sports marketing and as an analyst for a boutique investment bank.
Berenguer becomes a managing director in the global investment solutions group, which focused on providing customised solutions. She was most recently a managing director for pension solutions at AIG Investments where she developed solutions for corporate defined benefit pension plans, having previously been chief information officer at AIG’s enterprise risk management unit. She earlier worked for JP Morgan, Askari Risk Management Solutions and Dresdner Bank.
Based in Greenwich, Connecticut, Duff Capital Advisors seeks to provide customised solutions to enable pension funds, insurance companies, foundations, endowments, and sovereign funds to fund long-term liabilities. The firm was launched in March this year by Phil Duff, who was previously chairman and chief executive of FrontPoint Partners.