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PhaseCapital has appointed Michael Ning as chief investment officer (CIO). Ning will be responsible for PhaseCapital’s investment strategies and research process and will work to further refine the Boston-based asset manager’s investment platform.   Ning, a 20 year industry veteran, most recently served as senior vice president and portfolio manager, multi-asset absolute return strategy at First Eagle Investment Management. Prior to this, he held positions such as senior vice president and portfolio manager, absolute return strategy and head of quantitative credit research with AllianceBernstein after beginning his career at Citigroup.   “The availability of so many data points today requires
KKR and Pacific Alternative Asset Management Company (PAAMCO) are teaming up to create a new liquid alternatives investment firm by combining PAAMCO and KKR Prisma. Under the terms of the agreement, the entire businesses of both PAAMCO and KKR Prisma will be contributed to a newly formed company that will operate independently from KKR, and KKR will retain a 39.9 per cent stake as a long-term strategic partner.     This transaction will create one of the largest firms in the liquid alternatives industry, with over USD30 billion of assets under management or advisement and the ability to fulfil a
Jersey funds and regulatory specialist Emily Haithwaite has joined Ogier as a partner. Haithwaite’s (pictured) wide-ranging investment funds and financial services law experience has brought her recognition from clients and industry.   Head of Ogier's Jersey funds team, Niamh Lalor, says: "She has an outstanding reputation in her field, named as a Leader by Chambers, Legal 500, IFLR and Citywealth."   Haithwaite ihas almost two decades' experience acting for banks and asset managers in the formation, listing and winding-up of funds, as well as for sovereign wealth funds, funds of funds and investors investing into Jersey funds.   Her expertise
Matthew Hepler, a partner at hedge fund Mercato Capital Management, has been appointed to the board of directors of Terex, with immediate effect. Prior to joining Marcato, which is a significant shareholder in Terex, Hepler was a managing director at Relational Investors where he led the firm’s research team focusing on the industrials and materials sector.   David A Sachs, chairman of the board, says: “We are pleased to have Matt join the Terex board of directors representing the perspective of one of our largest shareholders.”   John L Garrison, Jr, Terex president and chief executive officer, adds: “We look
Imation Corp has launched an investment adviser subsidiary, GlassBridge Asset Management.  In conjunction with the launch, Imation has concluded the transition of its principal business activities to become a publicly-traded alternative asset manager.    Imation intends to rebrand as GlassBridge Enterprises in the summer of 2017. The corporate headquarters will remain in Oakdale, Minnesota.   The launch of GlassBridge is the result of the closing of a transaction with Clinton Group, a diversified asset management firm and an investment adviser registered with the US Securities and Exchange Commission, on 2 February 2017. The transaction allows for GlassBridge to place under
Alternative asset manager FS Investments has appointed Chris Condelles as head of capital markets and investor relations (IR). Condelles will serve as an executive vice president based in the firm’s Philadelphia headquarters.   In his new role, Condelles will help expand the reach of the firm’s growing suite of investment solutions by overseeing relationships with key stakeholders including institutional investors, banks, rating agencies and the analyst community.   “Chris brings substantial experience building profitable credit and financing solutions businesses to our platform at FS Investments,” says Michael C Forman (pictured), chairman and CEO of FS Investments. “At a time when
Former US Securities and Exchange Commission (SEC) and Department of Justice (DoJ) attorney Lionel André (pictured) is joining Murphy & McGonigle as partner in the firm’s Washington DC Office. "I am honoured and privileged to have been admitted as a partner in a premier Tier One Law Firm with such an impressive group of prominent lawyers,” says André, who brings more than 25 years of government experience to the firm, with thousands of hours logged prosecuting some of the country’s most strenuous cases.   Most recently, André served as Assistant United States Attorney in the Fraud and Public Corruption Section in
Kettera Strategies, owner and operator of Hydra, an independent custody-based managed account platform, has appointed James Knoeck as chief financial officer. Knoeck, 46, is the first person in this full-time position at Kettera and brings deep background as a senior financial services executive in the institutional investment, asset management and clearing businesses.   “Jim adds experience and depth to our executive team and will contribute greatly to the continued growth of Kettera and our Hydra platform,” says Jon Stein (pictured), Kettera CEO.   Stein says Knoeck’s arrival sends another signal to the marketplace that the Hydra platform is now “decidedly
The Depository Trust & Clearing Corporation (DTCC) has appointed Ann Shuman, DTCC managing director and deputy general counsel, as general counsel, effective 1 February 2017. Shuman (pictured) assumes the position from Larry Thompson, who is stepping down to serve full-time as vice chairman of DTCC. Thompson, who was appointed vice chairman in 2015, will continue to lead DTCC’s public policy engagement with key regulators and lawmakers globally, serve as a senior to the firm and act as a chief spokesperson.   As general counsel, Shuman will be responsible for advising senior management and the DTCC board of directors on legal
Mourant Ozannes has appointed six partners across the business, bringing the offshore law firm's total number of partners to 59. The firm has appointed lawyers Claire Fulton, Alistair Horn and Jon Woolrich in its corporate and finance practice.   It has also appointed professionals from outside the law to the partnership: chief operating officer Keith Pearse, and managing director of corporate services Ed Fletcher.   Funds and corporate partner Frances Watson has also been hired.   Mourant Ozannes global managing partner Jonathan Rigby (pictured) says: "Claire, Alistair, Jon, Keith and Ed are all making an exceptional contribution to our business

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