People
Woodbine Associates has appointed Sean Owens as director, fixed income/derivatives.
Owens will focus on analysis of strategic, business, regulatory, market structure and technology issues in the fixed income and derivatives markets.
He will also lead consulting engagements for firms impacted by such issues.
Owens has more than ten years’ experience in the fixed income and currency markets as a derivatives trader. During that period, he was vice president at Gen Re Securities where he traded, structured and managed the risk for trading books within the major currencies. He also has consulted with a range of businesses on strategic and
Law firm Dechert has hired James Waddington in London as a partner.
Prior to joining Dechert, Waddington was a partner at Orrick, Herrington & Sutcliffe.
Waddington advises commercial and investment banks and private equity and hedge fund clients in connection with finance and derivative transactions, credit default swaps, lending and borrowing arrangements, debt and equity offerings, insolvency and restructuring matters as well as fund formation and fund investments.
He has practiced law in Paris, London and New York since 1985 and has previously worked as an investment banker at Bankers Trust Company (now Deutsche Bank). He is fluent
Union Bancaire Privée has appointed Larry Morgenthal as chief executive of UBP Asset Management, the group’s US business.
He also assumes the role of chief investment officer of alternatives.
Morgenthal will spearhead the renewed activity in the company’s fund of hedge funds platform, following the reinforcement of its investment and risk management teams since 2009. UBP has been investing in hedge funds since 1972.
“The case for hedge funds and their alpha-generation potential is undisputed,” says Richard Wohanka, chief executive of asset management and alternative investments at UBP. “It is time to look at hedge funds in a new way:
Oakley Alternative Investment Management is expanding its London operations with the appointment of Fabio Cortes as head of macro at the company’s flagship fund of hedge funds, Oakley Absolute Return.
Cortes will work alongside Nick Hannan, chief investment officer, and Teun Johnston, head of investments, to further develop the scope of the Oakley investment function and business.
Prior to joining Oakley, Cortes was a managing director of Amundi AI SAS with a focus on analysing European and Asian macro, trading and fixed income strategies as well as advising a macro and systematic trading fund of hedge funds.
Cortes began his
Financial services firm Perella Weinberg Partners has named Jeffrey Silverman a partner of the firm, effective immediately.
Silverman will join the senior management team of the firm’s asset management business and will be based in New York.
Silverman has more than 20 years of experience in the financial services industry. He joins Perella Weinberg Partners from Tudor Investment, where he was most recently a partner and director of investments.
“We are pleased to welcome Jeff to Perella Weinberg Partners,” says Terry Meguid, founding partner and head of the firm’s asset management business. “Jeff is a well-respected industry veteran. His extensive
Highland Capital Management, an investment management firm based in Dallas, Texas, has hired Steven M. Delarosa as a managing director.
Delarosa will be responsible for managing the firm’s relationships with existing investors and developing and maintaining relationships with investment consultants across the globe.
This is a newly created position and Delarosa will be based in Dallas where he will report directly to Kevin Latimer, partner, head of business development for Highland.
"Steven has significant expertise in maintaining and growing relationships with key clients and consultants," says Latimer. "He is an added knowledge resource for our existing investors and will also
Custom House Global Fund Services, the Maltese-based holding company for the Custom House group of companies, has appointed Mark Hedderman as chief operating officer.
Hedderman has been with the Custom House Group for nine years.
He began as manager of the administration department in Dublin, before setting up representative offices in Chicago and Singapore.
He later returned to Dublin as managing director of that office, with oversight of the Chicago office.
As chief operating officer, Hedderman will have a dual role as he will remain as managing director of Dublin for the foreseeable future while his replacement is identified.
Pacific Alternative Asset Management Company, a USD10bn fund of hedge funds company, has promoted Mayer J. Cherem, Maarten Nederlof, Neale Safaty and Kevin Williams to partners.
"These appointments underscore Paamco’s continuing commitment to excellence in due diligence, risk management and portfolio construction. These individuals have made significant contributions to our business as well as the disciplined investment process we implement to achieve superior risk adjusted returns for our clients," says Jane Buchan, chief executive officer of Paamco.
Cherem is a director and the sector specialist responsible for the evaluation and management of opportunistic investments and offensive risk management initiatives. He
RAB Capital has appointed David Seex as the chief executive officer of RAB Capital Asia.
Seex will develop the company’s activities in Asia, widening RAB’s contact base in the region, and will oversee the company’s Hong Kong office.
Seex has a deep knowledge of the hedge fund industry and a wealth of contacts across Asia having worked as a managing director at Citigroup. He was a founding member of Citigroup Alternative Investments management team and from 2001 acted as head of Citigroup Alternative Investments in Asia.
He joined Citigroup in 1998 after spending three years at United Distillers, part
Permal Investment Management Services has appointed Andrew Rozanov as managing director, head of sovereign advisory.
Rozanov joined on 1 July and is responsible for developing Permal’s relationships with sovereign wealth funds, as well as further enhancing the group’s portfolio construction and risk management capabilities.
Rozanov has held various roles at State Street, most recently at State Street Global Markets, where he was managing director and head of sovereign advisory, portfolio and risk management group. In this role, he provided specialist portfolio advice to sovereign clients and to other large institutional investors.
Omar Kodmani, Permal senior executive officer, says: “Andrew is
