Monday, 22 December 2014
Last updated 14 hours ago
Sep 15 2008 | 8:52am ET
It seems that retirement does not suit Stanley Fink.
The former Man Group CEO—who stepped down as deputy chairman of the firm in July after 21 years with the company, ostensibly to begin a philanthropic retirement—has joined International Standard Asset Management as CEO. He took the helm of the million London hedge fund earlier this month.
ISAM was founded five years ago by Roy Sher, manages about £200 million (US$358.9 million), a far cry from the US$80 billion or so overseen by Man. But the smaller size of ISAM is apparently what appealed to the 50-year-old Fink.
“When I took the time to look back over my career at Man, I decided that guiding it through its early stages was the most satisfying part of the job,” Fink told the Financial Times.
London-based ISAM runs a gold fund and a macro fund, both of which have enjoyed double-digit returns. Fink reportedly has set a goal of increasing the gold fund’s assets tenfold within five years.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
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.