Hedge fund giant the Man Group has hired former BlackRock employee Miriam Tai as head of U.S. consultant relations.
Tai, who was BlackRock’s director of global consultant relations, will be responsible for advising on the full range of Man's products and services to the U.S. investment consultant community. She will be based in New York and report to Raffaele Costa, Man Group managing director and head of sales for North America and Europe.
Tai said she was “delighted to be joining Man at this exciting point in the company's development,” adding that the company’s acquisition of the U.S.-listed GLG Partners last year “dramatically increases [the Man Group’s] range of alpha generating strategies that are suited to institutions' investment needs. I look forward to working with the consultant community on its behalf."
Tai has over eight years of experience in the financial services industry. She spent over five years at BlackRock and Barclays Global Investors overseeing relationships with strategic investment consultants. She began her career in the fixed income division of Goldman Sachs and then served as an associate in the structured finance division of Stone and Youngberg.
The Man Group is the largest publicly listed hedge fund group in the world with $68.6 billion AUM as of December 2010. BlackRock owns a 10% stake in the Man Group.