Horizon Taps Markowitz As CIO

May 22 2012 | 9:42am ET

Chicago-based alternative investment advisor Horizon Cash Management has appointed Michael Markowitz as chief investment officer.

Markowitz, who also holds the titles of executive vice president and partner, will be responsible for setting the overall investment strategy of the firm and for the oversight of all investment functions—including trading, credit research and operational aspects of the trading desk.

Markowitz has more than 23 years of experience in managing fixed income portfolios for institutional, central bank and retail clients. Before joining Horizon, he was a managing director and head of short duration fixed income at Guggenheim Partners. Prior to that, he held the same posts at UBS Global Asset Management.

Pauline Modjeski, Horizon president and executive managing partner, said in a statement: “Mike’s expertise and experience in the fixed income markets will be a huge advantage to the firm and a benefit to our clients. His addition to the executive management team is very exciting and reinforces the future success of Horizon.”

Founded in 1991 by Diane Mix, Horizon has now manages approximately US$2 billion for its clients worldwide.

 


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