Wednesday, 22 February 2017
Last updated 7 hours ago
Nov 11 2005 | 8:15pm ET
The New York-based Clinton Group, which has $8 billion in assets under management, including $1.5 billion in hedge funds, has named Thomas Hughes, former global ceo of Deutsche Asset Management, to the newly-created position of president and chief operating officer.
The 48-year-old Hughes took up his new role this week, and is now responsible for the firm's operational divisions. Hughes told FINalternatives, "The creation of this position at this time reflects Clinton Group's ongoing, deep commitment to institutionalization. The position will allow me to apply my strengths as a manager and operator of investment management organizations to provide strategic guidance on the future direction of the firm."
Hughes also said that his new role will allow George Hall, founder of the Clinton Group, to focus on working with the firm's investment teams.