Monday, 24 April 2017
Last updated 2 days ago
Jul 29 2011 | 11:21am ET
Lombard Odier Investment Management is ditching funds of hedge funds for funds of managed accounts, hiring a former Eddington Capital Management and EFG Asset Management manager to handle its new platform.
The asset management arm of Swiss private bank Lombard Odier Darier Hentsch & Cie will migrate its three funds of funds to its new AMP platform, HFMWeek reports. The firm set up the new platform earlier this year.
Overseeing the move will be Richard Sharman. Sharman, who spent the last seven years at Eddington as a senior fund of funds manager, will serve as portfolio manager for AMP.
The change is expected to be completed by the end of next year. Sharman will start with Lombard Odier's Alpha Strategies fund of funds before moving on to its Global Equity Long/Short Fund and its Caesar Fund. When the project is competed, AMP is expected to have about 50 managed accounts.