Wednesday, 4 May 2016
Last updated 11 hours ago
May 16 2013 | 11:34am ET
Chicago-based Horizon Cash Management, an investment advisor specializing in active cash management solutions for the alternative investment industry, has named Michael Markowitz president.
Markowitz, who continues as chief investment officer, replaces Pauline Modjeski, who has served as president since 2008.
Markowitz joined Horizon as CIO, executive vice president and partner in April 2012 from Guggenheim Partners, where he was managing director and head of short duration fixed-income. Prior to that, he held the same positions at UBS Global Asset Management and its predecessor firm, where he was responsible for the investment and business side of the short duration division.
At Horizon, Markowitz has been responsible for the development and implementation of the overall strategies for the firm and management of all investment functions including trading, credit research and the operational aspects of the trading desk. As president, his main focus is on portfolio management and oversight of business operations.
Said Diane Mix Birnberg, Horizon founder and chairman, in a statement: “Michael’s 23 years of experience in managing fixed income portfolios has made significant contributions to Horizon’s ongoing success. His level of expertise has helped improve our trading desk and operational efficiencies, adding value to our clients’ portfolios and overall confidence in the fixed income markets in which we invest. Horizon is very pleased to name Michael the new president.”
Founded in 1991, Horizon Cash Management has approximately $2 billion in assets under management.