Wednesday, 1 April 2015
Last updated 12 min 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.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…