People
Hedge Funds Care, an international non-profit organisation that raises funds and awareness for programmes to prevent and treat child abuse, has appointed Dean C Backer as president.
Backer takes over from John M Budzyna, who has just completed the second of his two-year terms in the post.
“John has been an incredibly effective and inspirational President since he assumed the responsibility in November 2008 from the founder, Rob Davis,” says Dr Kathryn Conroy, executive director and chief executive of Hedge Funds Care. “In that time, his leadership, creativity and commitment to the cause have helped Hedge Funds Care navigate
Old Mutual Global Investors, the merged business of Old Mutual Asset Managers (UK) (OMAM) and Skandia Investment Group (SIG), has appointed Donald Pepper as managing director of alternatives.
Julian Ide, chief executive of Old Mutual Global Investors, says: “I am delighted that Donald has joined us in this new role. Donald will bring enhanced strategic leadership to the non-investment side of Old Mutual Global Investor’s alternatives business. We have completely reinvigorated our distribution teams in 2012 and Donald will make a significant contribution to the growth of our business.”
Pepper joins Old Mutual from TT International where he was
Liquidnet, the institutional trading network, has appointed Mark Pumfrey as head of EMEA and a member of the global leadership team, effective immediately.
In this role, Pumfrey is responsible for overseeing and growing Liquidnet’s European business with an immediate focus on identifying new sources of actionable block liquidity, providing asset managers with access to Liquidnet’s full product suite and adding new members to the network.
Based in London, he will report directly to John Kelly, global chief operating officer at Liquidnet.
“Our strategy remains focused on helping our network of institutional investors achieve better performance by deepening our liquidity pools
TIG Advisors, an investment platform that oversees more than USD1.8bn across multiple strategies, has appointed Kenneth Goodreau, former chief investment officer of the USD8bn Rhode Island State Pension, as chief investment officer, effective 1 January 2013.
In this new role, Goodreau (pictured) will develop and manage various aspects of TIG’s investment platform, including creating multi-manager solutions for institutional investors, sourcing portfolio management talent and providing thematic investment research.
“We are pleased to welcome a professional of Ken’s calibre to TIG Advisors,” says Spiros Maliagros, president of TIG. “We look forward to leveraging Ken’s deep institutional relationships and broad expertise as both
Westhouse Securities, the corporate and institutional broking group, has appointed Harinder Sandhu to its institutional sales desk where he will focus on servicing hedge funds.
Westhouse Securities, the corporate and institutional broking group, has appointed Harinder Sandhu to its institutional sales desk where he will focus on servicing hedge funds.
He joins the firm from GLG Partners where he was an asset manager in its UK Alpha select team.
Sandhu started his career as a fund manager at UBS Phillips and Drew in 1994 and was latterly Director and head of specialist UK equity products at UBS Global Asset
Steben & Company, a provider of managed futures funds, has named Richard Kendrick as chief marketing officer.
Kendrick, most recently with ProShare Advisors, will oversee all marketing and brand strategy for the firm.
He reports to Ken Steben, president and chief executive of Steben & Company.
"Since 1989, Steben & Company has earned a reputation for excellence in managed futures," says Steben. "We are incredibly pleased that Rich has joined our executive team. His extensive experience in marketing strategy, brand management and investor education will be crucial as we continue to extend the strength of our brand further into the
The Hedge Fund Association has created a high net worth advisory board focused on developing educational programmes and networking events globally for HNW investors.
Its chairperson will be April J Rudin, who has over 20 years of marketing experience in both corporate and financial services settings.
In a separate move, the HFA promoted Ryan Mitchell to HFA west coast chapter regional director.
“April is an invaluable addition to the HFA’s leadership team and I believe she will do an excellent job in this challenging new position,” says Mitch Ackles (pictured), president of the HFA. “She is renowned for her ability
Peter Clarke, chief executive of Man Group, has advised the company of his intention to retire as chief executive and to step down from the board on 28 February 2013.
Following a rigorous evaluation process conducted by the board, which involved an assessment of external as well as internal candidates, he will be succeeded as chief executive by Emmanuel “Manny” Roman (pictured), currently president and chief operating officer.
Clarke says: “It has been a great privilege to have been at Man for nearly 20 years. During that time I have been proud to have played a part in
Michael Singer has joined Ramius as chief executive officer reporting to Peter Cohen.
Singer will be responsible for overseeing and managing the day-to-day operations of Ramius.
Thomas Strauss will become chairman of Ramius and vice chairman of Cowen Group, with a focus on expanding global relationships and partnerships in the asset management business.
Cohen says: “We are very pleased to have Michael join us as we accelerate the build out of the Ramius platform. Michael has an exceptionally strong and diverse background in alternative asset management, and he will focus on expanding our current suite of products and broadening our
Phoenix Investment Adviser, a private investment firm that specialises in high-yield corporate debt, has increased its assets under management by almost 40 per cent year-over-year, managing over USD530m as of 1 December.
This robust growth, coupled with ongoing interest from a global range of institutional allocators, has prompted the firm to continue expanding its investment team.
Alex Duncan, the most recent of several senior hires, has been appointed as a senior research analyst. He will be covering the healthcare, chemicals, power, and shipping sectors. Duncan will report to Phoenix’s founder and chief investment officer Jeffrey Peskind (pictured).
"We’ve grown significantly
