Albourne Partners Sees Two Partners Depart, Makes Five Hires

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.


In Depth

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of