Peter Carey has been appointed principal in charge of Archview Investment Group's business strategy and capital formation. Carey moves from SkyBridge Capital where he led the company's hedge fund solutions business.
Archview Investment Group is an event driven credit fund manager, launched by founding principals John Humphrey and Jeff Jacob in February 2009 with a seed investment from Blackstone Strategic Alliance Fund and initial capital from their former employer, Citigroup.
Kyle McDaniel has joined Whitebox Advisors, an asset manager based in Minneapolis with more than $2 billion in assets under management, as its managing director for strategic partnerships. McDaniel joins from Dorchester Capital Advisors where he served as chief strategy officer and chief administrative officer. He will be based in Austin, Texas.
LGT Capital Partners has opened an office in Beijing, which will initially serve as a hub for its private equity investment activities in mainland China. The Beijing office team is headed by Frankie Fang. LGT Capital Partners is an alternative investment specialist with more than $25 billion in assets under management and more than 300 institutional clients.
Managing Partners (MPL), a boutique fund management company, has appointed Benjamin Lim as business development director for Asia. Lim will be based in Singapore and will report to managing director Jeremy Leach. He will work as part of MPL's sales operation in Asia, which is headquartered in Hong Kong. Lim has 15 years' experience in the asset management industry and was previously chief marketing officer for Allianz Global Investors in Asia.
MPL specialises in managing alternative asset classes for institutions and sophisticated investors. It manages a number of collective investment schemes and regulated mutual funds domiciled in Cayman. MPL currently manages funds with a gross value of $500 million.
Simple Alternatives has appointed Clark Jones to its investment team managing the flagship S1 Fund (Sonex). Jones will bolster the investment team's portfolio allocation and risk management efforts. He joins from Tudor Investment Corporation where he was a long/short equity portfolio manager.
Simple Alternatives is a boutique investment manager focused on liquid alternative strategies. The S1 Fund is a multi-manager alternative mutual fund that uses a portfolio of fundamentally based long/short equity managers.
James Rickards has been appointed as an adviser to the Physical Gold Fund SP. Rickards is an investment banker and adviser based in New York, and the author of Currency Wars: The Making of the Next Global Crisis. He is an adviser on capital markets to the director of National Intelligence and the Office of the Secretary of Defense in the US.
Physical Hard Assets Fund SPC is a segregated portfolio company domiciled in the Cayman Islands and is listed on the Pershing platform and the Cayman Islands Stock Exchange. The fund invests in unencumbered fully allocated physical gold in the form of ‘good delivery' gold bars. Shares of the fund are redeemable for gold.
Citco has received approval from the Malta Financial Services Authority to provide fund administration and custody services. It is opening an office in Malta. According to William Keunen, global director of Citco Fund Services, the move into Malta is based on the implementation of the alternative investment fund managers (AIFM) directive as well as the growth of Malta's fund industry. Citco Fund Services (Malta) and Citco Custody will provide a comprehensive asset-servicing offering for funds domiciled in and outside Malta.
European multi-family office Stonehage Group has appointed David McLellan as an executive director and head of its London family office. Most recently he was CEO of Rothschild Trust Group and a member of the executive board of Rothschild Private Bank & Trust where he spent five years based in Zurich leading the global trust business with its nine offices.
Earlier this year Rupert Hague-Holmes joined the company's Jersey office. He will report to Andrew Nolan, managing director of Stonehage's international family office division.
Shawn Pride, the founder and chief executive of P & L Consulting Group, along with her former team, have joined Ernst & Young's financial services office in New York and Dallas. P & L Consulting Group was a boutique advisory company focused on fund administration system selection, implementation and design for private equity as well as other select alternative investment managers. Pride will lead the US advisory services for private equity companies.
In addition Steven Boydstun, who was most recently P & L Consulting Group's president, will join the practice. Boydstun will serve as an executive director based in Dallas.
Robert Rodgers has joined investment adviser Cambridge Associates to support its outsourcing business. Rodgers will be part of the team of CA Capital Management, the business unit responsible for discretionary outsourcing. He has 20 years of experience in international finance and investment management. Founded in 1973, Cambridge Associates provides independent investment advice and research to institutional investors and private clients worldwide.
Schulte Roth & Zabel has expanded its London office. Peter Declercq's international practice focuses on cross-border insolvencies, restructurings and distressed mergers and acquisitions. He provides advice to distressed investors, including hedge funds, private equity funds and investment banks.
Sonya Van de Graaff focuses her practice on European restructuring, distressed investing and debt trading. She also represents hedge funds among others who are active in these markets.
Separately, one of London's leading hedge fund lawyers, Josh Dambacher, has been named on the ‘40 Under 40 Rising Stars of Legal Services' Financial News list.
The Hedge Fund Association (HFA) has appointed regional directors to its newly established chapters in Australia (Adriana Kostov), Texas (Mark Feanny) and Utah (Ronnie Hale). These are all territories in which the HFA has not previously been represented. The HFA is an international not-for-profit organisation made up of hedge funds, funds of funds, family offices, high-net-worth individuals and service providers.
The Association of the Luxembourg Fund Industry (Alfi) has elected Anouk Agnes as deputy director general. Agnes joined Alfi in April 2012 as director of communications and business development. Before then she worked as an adviser at the Luxembourg finance ministry where her main responsibilities related to the government's policy to develop the financial sector in Luxembourg.
Edward Hazel, global co-head of securities operations for Goldman Sachs; Richard Taggart, a senior vice-president at State Street's investment management services; and Susan Cosgrove, managing director and general manager of settlement and asset services at the Depository Trust & Clearing Corporation (DTCC) have joined the board of managers at Omgeo.
In addition John Devine, formerly of Threadneedle Asset Management; Peter Johnston of Goldman Sachs; and Donald Donahue, formerly of DTCC have stepped down as board members.
Omgeo's global board of managers is currently made up of 11 representative members of the financial industry.
RBC Wealth Management, part of Royal Bank of Canada, has appointed Angelina Yap as a director in the UK private client wealth management team. Yap will be responsible for developing relationships with UK resident, non-domicile high-net-worth and ultra-high-net-worth clients from the east and southeast Asian region, including Singapore, Taiwan, Malaysia and greater China. She joins from EFG Private Bank where she was building a book of high-net-worth Chinese resident and non-resident clients.
Legal & General Investment Management (LGIM) has hired three portfolio construction managers to its liability driven investment (LDI) team. The additions to the existing team of 20 include Alastair Mills, who joins from Cardano where he was a senior LDI investment manager responsible for managing UK clients' fully delegated interest rate and inflation hedging portfolios.
In addition Anne-Marie Cunnold joins from BlackRock where she worked as a strategist focusing on LDI solutions across a wide range of UK pension funds. Florent Herelle transfers internally from the LGIM index funds team, where he was involved in managing derivative overlay mandates.
In a separate announcement, Andrew Hitchings has been promoted to head of UK institutional business. Hitchings joined LGIM in September 2012 as head of large UK clients, from State Street Global Advisors.
In addition Johan Rydqvist joins in the newly created position of European sales manager. John Tsalos becomes the newly created head of defined contribution (DC) distribution and product strategy. He joins from Standard Life.
Victoria Parrish joins as head of requests for proposals and marketing analytics. Taryn Leibbrandt joins as client relationship manager, coming from T Rowe Price.
At end December 2012, LGIM managed £199 billion ($304.6 billion) in exposure for clients within LDI mandates.
Manulife Asset Management has created a US small-cap equity team that has moved to the company from UBS Global Asset Management. Bill Talbot, senior managing director and senior portfolio manager, leads the team, which also includes Joseph Nowinski, managing director and portfolio manager; Travis Schaftenaar, director and senior investment analyst; and Vikram Kaura, director and senior investment analyst. The team, based in Chicago, Illinois, reports to global chief investment officer Christopher Conkey.
The small-cap team employs a disciplined bottom-up fundamental research approach based on the belief that investing in small-cap stocks with cashflow and earnings growth visibility, attractive valuations and manageable risk over the long term will result in outperformance.
The creation of the team follows a series of recent additions of investment managers. Earlier this year Paul Boyne and Doug McGraw joined, adding global core equity capabilities.
Manulife Asset Management is the global asset management arm of Manulife Financial. At December 31, 2012, assets under management were C$237.6 billion ($233.4 billion).
Falcon Private Bank has completed the acquisition of Clariden Leu (Europe). The London-based asset manager will conduct its business under a new name and ownership as Falcon Private Wealth, now a wholly owned subsidiary of Falcon Private Bank, Switzerland. Falcon Private Wealth is an international private asset management firm offering tailored wealth management services to global clients with a strong focus on the Middle East and Africa, Eastern Europe, Asia and other emerging markets. Eduardo Leemann is CEO of Falcon Private Bank. Graham Stapeley is designated chairman of Falcon Private Wealth. Nick McCall is now the CEO of Falcon Private Wealth.
The week on Risk.net, December 2–8, 2017Receive this by email