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JLT Employee Benefits (JLT) has advised the GBP1.5 billion Cornwall Pension Fund on the appointment of Man FRM to manage its hedge fund allocation, which has a target size of 8% of the fund.
This results from an overall investment strategy review, which led JLT to undertake a full open market
procurement exercise with Cornwall Council.
The allocation will be managed via Man FRM’s Managed Accounts solution, which offers tailored solutions for LGPS Funds looking to invest into hedge funds, providing complete transparency and legal control of the assets, whilst also allowing all LGPS Funds to benefit from a sliding management
Man Group has appointed John Cryan to the Board as a non-executive director with immediate effect.
Cryan, 54, has extensive experience at leading global financial institutions and brings excellent knowledge of the regulatory environment in which Man Group operates. He held a number of senior roles at UBS AG over a career spanning more than 25 years with the banking group including serving as Group Chief Financial Officer between 2008 and 2011. Cryan was also Chairman and CEO of UBS AG EMEA between 2010 and 2011 and served as CEO of UBS Limited, the bank’s principal operating entity in the
Deutsche Asset & Wealth Management (DeAWM) has hired Mihir Meswani and Nicolas Laporte as Portfolio Managers to further strengthen the firm’s Hedge Fund Advisory business.
Both will focus on advising clients on custom portfolio solutions and employing liquid alternatives such as managed accounts, UCITS and ’40 Act funds.
“Mihir and Nicolas bring to Deutsche AWM deep experience in building and managing hedge fund portfolios,” says Tim Gascoigne, Head of Hedge Fund Advisory for Deutsche AWM. “We are excited to welcome them to our team and look forward to the contributions their complimentary skills will bring as we continue to grow
Rothschild & Cie and EDHEC-Risk Institute have announced the creation of a new research chair at EDHEC-Risk Institute entitled "Active Allocation to Smart Factor Indices."
This new chair will follow on from the previous Rothschild & Cie research chair at EDHEC-Risk Institute on "The Case for Inflation-Linked Corporate Bonds: Issuers' and Investors' Perspectives."
Led by Professor Noël Amenc, Director of EDHEC-Risk Institute, and Professor Lionel Martellini, Scientific Director of EDHEC-Risk Institute, the research chair team will examine the benefits of smart beta allocation. The goal is to provide a quantitative assessment of the benefits expected from the three following sources
Rothschild Asset Management has strengthened its alternative investment business with the appointment of Shakil Riaz as Head of US Alternative Portfolio Management and Global CIO.
In addition, Anthony Marzigliano, who has worked with Riaz since 1995, when they were responsible for managing JP Morgan's proprietary hedge fund investments, will also join as a Managing Director. Both appointments will be effective in early April 2015.
Riaz and Marzigliano's combined decades-long experience in customising hedge fund solutions for the proprietary portfolio of JP Morgan, as well as for institutional clients, will further enhance Rothschild's global reach and long-standing track record in alternative
JPES Partners, a marketing and communications consultancy specialising in the asset management sector, has appointed Toby Mitchenall and Krupa Parmar to its team.
Mitchenall joins as a Client Director from BackBay Communications, where he was responsible for establishing and growing the company’s London office. He has over 10 years’ experience in financial services communications, both in an agency role and as a journalist, and has advised clients on all aspects of strategic communications, content, branding and crisis management. Toby is a former editor of Private Equity International magazine and therefore brings a detailed understanding of the issues facing the private
Fixed income specialist Coherence Capital Partners has appointed John Lovisolo as Member, Chief Operating Officer (COO) and Chief Risk Officer (CRO).
Prior to Coherence Capital, Lovisolo spent 10 years at Barclays, most recently as Managing Director and Co-head of Prime Brokerage Origination. Lovisolo held several leadership roles at Barclays, including running sales for Investment Grade Debt and Structured Credit Products for the first half of his tenor. After the Lehman integration, he was appointed Head of the Financial Institution Structuring Group which was dedicated to creating solutions for the firm’s Pension, Bank and Insurance clients. Prior to Barclays, Lovisolo spent
Abacus Group, a provider of hosted IT solutions for hedge funds and private equity funds, has opened a new office in Los Angeles to cater for demand for its AbacusFLEX private cloud solution.
The company achieved a record year in 2014, winning 60 new clients, and sees continued momentum in 2015.
The increased demand for Abacus Group’s private cloud solution is due to a significant interest in managed services and hosted solutions from the financial services industry with both established financial institutions and up-and-coming startup funds. These clients have selected Abacus Group to achieve a scalable, flexible and robust
PwC has appointed Lachlan Roos as its new UK hedge fund leader, taking over from Rob Mellor who is stepping down after leading the hedge fund practice for five years.
Roos is a partner in the firm’s financial services tax division and has been with PwC since 2005. During this time he has built extensive experience working with hedge fund managers in London, New York and Asia on a multitude of issues, ranging from assisting the start-up industry through to mature corporate operational issues. He has been heavily involved in global deal activity across all hedge fund strategies.
Mark Pugh,
Morgan Creek Capital Management has appointed Michael Forstl as a Managing Director and Head of Intermediary Distribution.
In his new role, Forstl will lead the firm's wealth management distribution efforts as well as designing new products that leverage Morgan Creek's unique approach to investing and asset management.
Forstl brings over 25 years of experience in the sale and distribution of a wide array of investment solutions. Most recently, he consulted for financial institutions on the development, launch and distribution of new and existing products. His efforts included working with UBS, BNY Mellon, Richard Bernstein Advisors, and ETF Global.
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