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

Humble in Hofstra...One Debate an Election Can Make

Sep 26 2016 | 10:20am ET

Tonight's U.S. Presidential debate, infamously coined the “Humbling in Hofstra...

Lifestyle

Vortic: Reimagining the Custom Wristwatch

Sep 27 2016 | 7:24pm ET

American watch manufacturer Vortic, which started out restoring antique pocket watch...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...