Hermes BPK Founder Quits

Sep 13 2012 | 7:49am ET

One of the founding partners of fund of hedge funds Hermes BPK Partners and its CEO since its launch four years ago will leave the firm.

Matteo Dante Perruccio will step down at the end of the year but founding partners and co-Chief Investment Advisors Gregory Knott and Mark Barker will continue in their roles, Hermes BPK said.

Hermes was set up by Perruccio, the former co-CEO of Olympia Group, and Hermes Fund Managers. The firm suffered a drop in operating profit last year as it swung to a loss as compensation costs grew.

"We thank Matteo for his dedication and for all that he has achieved in a very challenging environment," HFM CEO Saker Nusseibeh said. "We wish him every success for the future."

"I would like to thank Saker Nusseibeh and Hermes for their unwavering support building a successful business over the past four years," Perruccio, also a former CEO of Pioneer Asset Management, said. "I am confident Hermes BPK will continue on its road to success and remain an innovative leader in the industry."


In Depth

Why Ponzi Schemes Work: An In-Depth Look At The Allen Stanford Fraud

Dec 21 2014 | 10:30am ET

Texan Allen Stanford first appeared on the radars of financial regulators in 1997...

Lifestyle

Hedgie Funds US Squash Program

Dec 24 2014 | 8:46am ET

Squash, anyone?

Guest Contributor

EidoSearch’s Top Three Market Projections For 2015

Dec 23 2014 | 4:03am ET

It is that time of year again when prognosticators make their big market calls for...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

December 2014 Cover

Futures 2014 person of the year

Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.