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

JOBS Act Propels Real-Estate Crowdfunding Platform

Oct 21 2014 | 2:57am ET

If D.J. Paul were a real estate development, he would be described as “multi-use...

Lifestyle

MacDonald-Korth Offers Insights Into Paintings Bought, Sold By Hedgies

Oct 7 2014 | 9:00am ET

Definitive and complete ratings require an in-person examination of an artwork,...

Guest Contributor

PAAMCO: European Equity Exposure - Challenging Year, But All is Not Lost

Oct 16 2014 | 4:12am ET

European equity hedge fund managers have had a tough time so far this year. The...

 

Videos

Editor's Note

    Must Attend Hedge Fund Charity Events For October

    Sep 30 2014 | 9:29am ET

    The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…

 

Futures Magazine

October 2014 Cover

Deeply flawed risk benchmark

Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.