Caxton's Wadhwani Joins Pension Board Of Trustees

May 9 2011 | 12:27pm ET

Wadhwani Asset Management namesake and founder Sushil Wadhwani is racking up new titles at an impressive rate.

Less than two weeks after becoming a partner at Caxton Associates, which took a minority stake in Wadhwani AM, Wadhwani was named to the board of trustees of the Trafalgar House Pensions Trust.

The £1.3 billion pension looks after the retirement money of employees of Trafalgar House, a former British construction and shipbuilding conglomerate that was swallowed by Norwegian rival Kvaerner in 1996.

Wadhwani succeeds Ros Altmann on the board; he told Financial News, "I have a great deal of respect for the other trustees there and have indeed known Ross Altmann for a long time."

Wadhwani, a former member of the Bank of England's monetary policy committee, last month agreed to manage a "meaningful" amount of Caxton's US$7 billion flagship, in addition to the US$1 billion he runs for his own firm.

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