Thursday, 25 August 2016
Last updated 4 hours ago
Mar 15 2011 | 12:55pm ET
New York hedge fund Halcyon Asset Management is looking abroad to add to its $10 billion in assets under management.
The firm has added Rollo Wigan as part of a major expansion of its London office. Wigan will focus on fundraising as the firm seeks to recruit investors in Europe, the Middle East and Australia, the Financial Times reports.
Following Wigan's hiring, Halcyon plans to add new research analysts in the British capital.
Halcyon's director of client relations, Joseph Hill, told the FT that the firm has increased its focus on institutional investors following the financial crisis.
"Whereas before, the large institutions may have looked primarily at new funds or start-ups, that is less the case today," he said. "What they are really trying to do is look for managers that can meet their needs institutionally."
Wigan comes to Halcyon from MKP Capital, where he was managing director of marketing and client development.