Schroders' NewFinance Capital Gets New Leadership

Sep 20 2011 | 12:32pm ET

Schroders' head of hedge funds has left the firm and will be replaced by the firm's U.K. institutional business chief.

Marc Romano resigned after two years at the helm of NewFinance Capital, which Schroders bought in 2006, for personal reasons. He'll be replaced by Miles O'Connor as CEO, Financial News reports. O'Connor will remain head of U.K. institutional business.

In addition, Marc Hotimsky, a co-founder of NewFinance who served as chairman and investment chief at the unit, plans to step down from those posts in the fall. Instead, he'll move into a part-time position.

David Mooney will replace Hotimsky as investment chief and Benjamin Moute as head of investment. The former is currently head of commodity products at NewFinance. Both men, along with head of multi-asset investment and portfolio solutions Nico Marais, will join NewFinance's board.

"I believe NFC can benefit from greater access to the resources of our global distribution team and I want to help that process along," O'Connor said. "I also believe that mainstream investors will increasingly want to access hedge fund products, and Schroders is providing a kite mark of quality for NFC products in that respect."


In Depth

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Lifestyle

Einhorns Busts At WSOP, Finishes In 173rd

Jul 15 2014 | 10:48am ET

Greenlight Capital founder David Einhorn’s World Series of Poker won’t end at...

Guest Contributor

Common Risk Parity Misperceptions

Jul 16 2014 | 11:02am ET

Over the past few years, risk parity has become a component of most investors’...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note