The Hedge Fund Association, an industry lobby group, has launched a new Southern EU chapter under the direction of José Castellano, managing director of the $230 billion asset manager Pioneer Investments.
The new chapter will advocate for hedge funds in Switzerland, Italy, Spain and Portugal. According to Eurekahedge, 406 hedge funds with combined assets under management of $68.3 billion are based in these countries. Eurekahedge also says 26 EU-focused hedge funds with AUM of between $2 and $3 billion invest in Portugal.
“It is increasingly clear that the fate of the economy in southern Europe is powerfully linked with the world’s economy. As such, it only makes sense for the HFA to take steps to advocate for hedge funds domiciled within this critical area,” said David Friedland, president of the HFA and president of Magnum U.S. Investments. “We are also extremely pleased to have José Castellano as the public face of the Hedge Fund Association in Southern Europe. His deep ties to the alternative investment industry there, as well as his years of experience, will prove invaluable in our on-going efforts to advance transparency and trust in alternative investments.”
Castellano began his professional career at AB Asesores Bursatiles, a leading Spanish investment bank, where he held several different positions. Later, he became an executive director at Morgan Stanley where he performed various sales and senior management roles in private banking and private equity. He joined Pioneer Investments in 2001 and is currently responsible for the management of operations in the Iberian Penisula, offshore Americas and the Latin American markets.