Lyxor Asset Management has appointed Frank Frecentese as global head of hedge fund research.
The appointment continues Lyxor’s growth in the North American market.
Frecentese’s appointment will bolster Lyxor’s existing dedicated portfolios team which offers advisory services and portfolio solutions to institutional investors. Lyxor’s multi-billion dollar advisory business services institutional investors across Europe, MENA, Asia and North America.
Frecentese (pictured) succeeds Dennis Heskel, who will retire in October 2013, and will report directly to Lionel Erdely and Nicolas Gaussel, chief investment officers of Lyxor.
Frecentese joined Lyxor from Citi Private Bank earlier this year, where he was managing director, global head of hedge fund investments. In that role, Frecentese oversaw the hedge fund investments business for Citi, with particular emphasis on sourcing, diligence and monitoring of hedge fund investments for the firm’s advisory portfolios and placement businesses.
Prior to joining Citigroup, Frecentese was an executive director at Morgan Stanley, where he was the head of alternatives research for Graystone Research, part of the Morgan Stanley Group. Frecentese performed manager research globally on hedge funds and private equity funds, and managed bespoke advisory hedge fund portfolios for the firm’s ultra-high net worth clients. Prior to Graystone, he worked on the European hedge fund desk at Goldman Sachs and practiced law with Stroock & Stroock & Lavan.