Friday, 22 May 2015
Last updated 3 min ago
Aug 9 2011 | 8:53am ET
Hedge fund consultancy Albourne Partners has recently seen the departure of two partners, while at the same time has made a slew of new hires. The turnover comes as the firm reports record consolidated gross revenues of £33.47 million for the fiscal year ending March 31, with a profit before tax of £5.26 million.
The two partners who have departed are Richard Quigley and Jeff Lisle, from the Connecticut and Toronto offices, respectively.
"They will be greatly missed and we wish them every success for the future," said Simon Ruddick, managing director of the firm.
As for new hires, Lisa Needle joins Albourne’s portfolio group from the San Diego County Employees Retirement Association, where she was acting chief investment officer. Richard Tomlinson also joins the portfolio group. He hails from Old Mutual Asset Managers, where he established the fund of hedge funds and managed account desk.
Phil Pothier joins the real assets team from GGY AXIS. Martina Steinberg joins the hedge fund research team from Bayerische Landesbank. Finally, Simon Phillips joins the Hong Kong office as legal counsel and also as a real assets analyst. Previously, he was with Cheetah Investment Management, a Hong Kong-based investment advisory firm.
Albourne colleagues recently promoted to Partner are Angela Borrett, who will lead the firm’s due diligence team in London; Jessica Lo, legal counsel in the U.S.; and Ron Mayer, senior research analyst and Mark White, senior real assets analyst, both in North America.
Finally, Gailen Krug, head of Albourne's private equity division in Europe since January 2010, will be relocating to our Connecticut office. Krug, who joined Albourne from her position as CIO at Waycrosse, will move to the portfolio group where she will serve as lead consultant for several hedge fund and private equity clients.
"I worked with Albourne for 10 years as a client before joining," said Krug. "I relish the chance to help the firm to consolidate and grow its business in the U.S."
Albourne's 224 clients now have over $300 billion invested in alternatives.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…