UBS Hires Sowood, Harvard Vet For Prime Brokerage

Jun 18 2010 | 11:54am ET

UBS has added a hedge fund veteran with a Harvard pedigree to its U.S. prime brokerage business.

Megan Kelleher will head that Swiss bank’s prime brokerage sales effort in New England, based out of Boston. She formerly worked at collapsed hedge fund Sowood Capital Management in operations, legal and compliance. Prior to her stint at the short-lived hedge fund, Kelleher worked at Harvard Management Corp., which runs the university’s endowment.

Sowood was founded by former Harvard money manager Jeffrey Larson after he left the school in 2004. It collapsed amidst huge losses on subprime investments in the summer of 2007, one of the earliest victims of the credit crisis.

UBS has also promoted from within, naming Rob Sachs head of U.S. capital introduction. Sachs joined UBS’ cap. intro. business last year after running his own fund of hedge funds, Constellar Capital Management.


In Depth

Star Fund Managers Battered By Rocky Ride In Yields, Currencies

May 28 2015 | 6:05am ET

Some of the biggest names in the investment world have been whipsawed by the recent...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

When Less is More: The Case for Concentrated Equity Strategies

Jun 1 2015 | 7:59am ET

The conventional wisdom is that wide diversification is the “holy grail,” as...

 

Sponsored Content

Editor's Note