Carne Group Hires Bear Stearns Vet Schilling

May 4 2012 | 11:55am ET

Carne Group, a hedge fund governance advisory firm, has hired Bear Stearns vet Fred Schilling as a managing director in its U.S. office.

Schilling spent over 20 years at Bear Stearns as a senior managing director, helping found and build its hedge fund prime brokerage division.

Said John Donohoe, CEO of Carne Group: “Fred is a recognized figure on Wall Street with a strong and respected track record in the prime brokerage industry. He joins our team at a time when investors are placing increasing emphasis on the quality of governance and oversight in U.S. hedge funds. Very few independent fund directors understand the complexities of prime brokerage and how it relates to the operations, risk management and capital raising of hedge funds like Fred does.”

Carne’s hedge fund team is based in the U.S. and the Cayman Islands and includes Joe Hardiman (formerly of American Express), Peter Heaps (formerly of RBC Dexia and HSBC/Bank of Bermuda), Roisin Cater (formerly of Linklaters and Mourant du Feu & Jeune)    and John Ackerley (formerly of Bank of America and Maples Finance).

Said Schilling, in a statement: “It is obvious that investors and regulators are paying more attention to the issue of governance in the U.S. than ever before. I will be helping Carne’s clients meet these new challenges and achieve the higher standards of governance via fresh new approaches to the fund structure.”


In Depth

Q&A: Rotation Capital's Rothfleisch On SPAC 2.0

Aug 11 2017 | 7:43pm ET

Corporate actions have long been a staple of event-driven investors, but activity...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Star Mountain: Private Lending in the Lower Middle-Market

Aug 14 2017 | 4:45pm ET

Private credit has become one of the most popular alternative asset classes in recent...

 

From the current issue of