Tuesday, 27 January 2015
Last updated 26 min 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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…