Wednesday, 26 October 2016
Last updated 12 hours ago
Jan 14 2009 | 10:20am ET
Hedge fund cash management shop Horizon Cash Management has hired Taylor Nigro as director of sales responsible for marketing the firm’s services to investment managers throughout the Northeast.
Nigro reports to Pauline Modjeski, president of Horizon Cash Management.
Most recently, Nigro was a financial advisor in institutional and individual sales at Wachovia Securities where he was involved in analyzing, designing and selling portfolio services.
Nigro’s hiring comes on the heels of the firm’s announcement that it has captured more than $600 million in new assets last quarter as many hedge fund managers look to park their cash with an independent specialized provider.
“The same reasons cash came to the forefront last year are even more important to managers and their investors,” said Modjeski. “In a post-Madoff world, independent, third-party providers will be looked to even more.”