Ex-Man CEO Snares Two Man Execs. For New Firm

Jan 13 2011 | 1:19pm ET

Stanley Fink has raided his old firm for a pair of top executives at his new one.

The newly-ennobled Fink’s International Standard Asset Management hired Alexander Lowe as director of business development and Riva Waller as chief operating officer, the Financial Times reports. Both join from Man Group, where Fink was CEO before retiring and founding ISAM.

The hires come as London-based ISAM has more than doubled its assets under management to US$500 million. Its quantitative flagship Systematic hedge fund returned 17.5% last year, well ahead of its peers.

Lowe had been CEO of Man’s US$19 billion fund of hedge funds business, Man Global Strategies. Waller was head of managers at the world’s largest hedge fund.

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