Sunday, 29 November 2015
Last updated 1 day ago
Sep 21 2011 | 11:04am ET
In the wake of a pair of London hedge fund acquisitions, Principal Global Investors has added a new executive in the British capital.
Carl McAndrew was named head of consultant relations for Europe this month. Principal Global this year acquired majority stakes in Finisterre Capital and Origin Asset Management—and hopes to add more.
"We're very open to acquiring more boutiques, certainly if they have the right capabilities and fit in with our clients and their needs," Nick Lyster, Principal Global's CEO in London, told Financial News. In particular, the firm hopes to expand into what it calls "'global alternative credit,' which includes everything except sovereign and investment-grade debt."
McAndrew joins from Unigestion, where he was head of sales. He formerly served as managing director of Bank of Ireland Asset Management.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…