Saturday, 30 May 2015
Last updated 20 hours ago
Apr 4 2007 | 12:29pm ET
Robert Schulman, the long-time CEO of Tremont Group Holdings, is stepping down from his post in favor of Tremont President Rupert Allan.
Schulman will remain the Rye, N.Y.-based firm’s chairman and continues to serve on its investment committee. He will also become president of Tremont’s $3.5 billion single-manager division, Rye Investment Management.
“The growing size and complexity of our single-manager business requires dedicated leadership,” Schulman said. “With Rupert embracing the presidency of the organization as quickly as he has, and accelerating Tremont’s transition towards a fully discretionary model and true global business organization, I have the ability to relinquish my day-to-day responsibilities with Tremont Capital Management and focus on the continued build-out of our select manager series of products.”
Allan became president of Tremont, the fund of hedge funds affiliate of OppenheimerFunds, in January 2006 after running the firm’s London office.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…