Tuesday, 30 September 2014
Last updated 3 hours ago
Jun 18 2012 | 8:10am ET
Man, the world’s largest publicly traded hedge fund group, is changing finance directors.
Kevin Hayes, who has held that post since he joined Man in 2007, is leaving to “pursue other professional and personal interests,” said a company statement. Jonathan Sorrell, currently Man’s head of strategy and corporate finance, will take over as finance director immediately.
Man Chairman Jon Aisbitt said Sorrell’s appointment followed a “rigorous process to identify the best possible candidate.”
Peter Clarke, chief executive of Man, said: "Since joining Man last year, Jonathan has played a key role, most recently in structuring the proposed acquisition of FRM. In his new position, Jonathan's experience in financial markets, especially his deep working knowledge of the hedge fund industry, will be extremely valuable as we continue to develop and evolve in challenging world markets. He has a strong background in strategy and execution and will bring clear focus on costs and financial efficiency.”
Sorrell joined Man in August 2011 after more than a decade at Goldman Sachs, where he worked in the investment management, securities and investment banking divisions, latterly leading investments in a broad range of hedge fund firms.
As of February 2012, the Man Group’s AUM stood at $59.5 billion.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
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