Thursday, 18 September 2014
Last updated 4 hours ago
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."
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.