Friday, 27 November 2015
Last updated 3 hours ago
Aug 24 2010 | 12:40pm ET
The Man Group has a new head of its battered fund of hedge funds unit.
Luke Ellis will succeed the retiring Herbert Item at the helm of the US$14.2 billion business, which lost US$360 million in the Bernard Madoff scandal. Ellis was a managing director at fund of funds shop Financial Risk Management until two years ago. He spent a decade at FRM after joining from JPMorgan Chase, where he was head of global equity derivatives and equity proprietary trading units until 1998.
“The future of the multi-manager industry will be all about addressing specific client needs with a range of services, from ready-made portfolios to direct access through managed accounts to risk analysis and management,” Ellis said in a statement.
Item has spent 13 years at Man.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…