Wednesday, 25 November 2015
Last updated 6 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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…