Principal Hires Consultant Relations Chief After Finisterre, Origin Buys

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.


In Depth

Israeli Hedge Fund Harnesses Big Data

Jul 28 2014 | 8:10am ET

Apica Green is a multi-million dollar Israeli hedge fund that is based in Tel Aviv...

Lifestyle

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...

Guest Contributor

Compelling Opportunities In The Alternatives Space

Jul 29 2014 | 9:33am ET

In an environment where many asset classes seem expensive by historical standards...

 

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