Wednesday, 6 May 2015
Last updated 18 hours ago
Oct 14 2013 | 10:27am ET
Investcorp Group has placed former Lyxor Asset Management chief investment officer Lionel Erdely at the helm of its U.S.-based hedge fund business.
Erdely was named head of hedge funds and chief investment officer of the unit. He is charged with leading its strategic direction and overseeing investment decisions on a day-to-day basis. He also joins the firm's management committee.
"Lionel's leadership and international investing experience, coupled with his demonstrated ability to successfully manage a large amount of capital through all economic cycles is an indispensable asset that will help guide the strategic direction of our hedge funds business," new boss Savio Tung, Investcorp's CEO for North America, said. "We look forward to the meaningful contributions he will make to our firm and our global investors."
Erdely has served as Lyxor's CIO since 2004 and as CEO of Lyxor Inc. since 2009.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…