Saturday, 27 December 2014
Last updated 3 days 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.