Mulvaney Eliminates Investor Relations, Marketing Post

Mar 30 2010 | 12:32pm ET

London-based Mulvaney Capital Management has done away with its investor relations chief, leaving the US$89 million firm with no one focused exclusively on marketing or client dealings.

Colin Lloyd, who had served as head of investor relations at the firm for four years, left earlier this month and will not be replaced, Financial News reports. His duties have been divided amongst Mulvaney’s remaining six employees.

“We have to look at our fixed costs and see where we could make savings,” Alistair MacNaughton, the firm’s chief legal officer, told FN.

Mulvaney’s move comes as many hedge funds are adding or beefing up their investor relations staff in response to growing demands for transparency from clients. Mulvaney, which is down 10.72% this year, will instead seek a third-party marketer.

The firm also announced a pair of appointments to its board of directors. John Bishop, who serves as a non-executive director for Berkshire Hathaway International, was named non-executive chairman, and Mary Jo Jacobi, chairman of the idm Group, was named a non-executive director.


In Depth

Kettera Q&A: The Advantages of Alternative Investment Platforms

Oct 28 2016 | 5:52pm ET

The past several years have seen a distinct push towards easier and cheaper access...

Lifestyle

Midtown's Plaza District Fades As Manhattan Office Landscape Shifts

Nov 22 2016 | 6:32pm ET

Lower leasing costs, more efficient office space and the hope of projecting an image...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR