OpHedge Snags JP Morgan Vet

Oct 31 2006 | 10:15am ET

Hedge fund administrator OpHedge Investment Services has hired Phil Sileno as chief financial officer. The announcement comes the same day that hedge fund technology provider Paladyne Systems released a paper saying that hedge funds are increasingly outsourcing their operations, which is creating rich opportunities for service providers.

Prior to joining OpHedge, Sileno spent 16 years at JP Morgan Chase, most recently as vice president of planning and analysis for JP Morgan’s asset and wealth management business. 

OpHedge’s Chief Executive Officer, Tom Chang, remarked that “[Sileno’s] extensive financial management and business planning experience will be a great addition to OpHedge given our increasingly recognized status as a premier provider of middle and back office operations and fund accounting services to the hedge fund industry.”

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    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…