Friday, 22 May 2015
Last updated 1 hour ago
Oct 21 2010 | 1:17pm ET
Philippe Lespinard, the former head of Brevan Howard Asset Managements UCITS III effort, has joined Schroders as chief investment officer of fixed-income.
Lespinard assumes the new post at the august British asset manager on Nov. 1. He will serve as chairman of Schroders' fixed-income investment committee and will have "direct management responsibility" for its multi-strategy bond team, Schroders said.
Lespinard left Brevan Howard, where he was head of absolute return funds, in April, only two years after joining the hedge fund from Fischer Francis Trees & Watts. Put in charge of a fixed-income team poached from Aberdeen Asset Management and given US$250 million in seed capital to build a UCITS-compliant absolute return fund, Lespinard resigned after his unit failed to gain the traction Brevan Howard hoped for. The firm has shuttered the fund.
Before joining Fischer Francis, Lespinard was chief investment officer at BNP Paribas Asset Management.
"I've known Philippe going back 10 years now, to when I used to be at SEI Investments in Paris and he was at BNP Paribas," new boss Karl Dasher, head of fixed-income, said. "At Schroders, we are a global operation now with portfolio managers across the world, so I'd been feeling we needed someone to work with me and be more focused on investment execution. When Philippe became available earlier this year we started talking."
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…