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.


In Depth

Steinbrugge: Top 10 Hedge Fund Industry Trends for 2017

Jan 3 2017 | 9:03pm ET

Each year, Agecroft Partners' Don Steinbrugge predicts the top hedge fund industry...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

DarcMatter: The Top Trends in Alternative Investments for 2017

Jan 13 2017 | 8:22pm ET

The $7 trillion alternative investments industry is poised for continued growth...

 

From the current issue of

The U.S. Commodity Futures Trading Commission (CFTC) ordered The Goldman Sachs Group Inc., and Goldman, Sachs & Co. to pay a $120 million penalty for attempted manipulation and false reporting of ISDAFIX Benchmark Rates, a global benchmark for interest rate products.