Fund Manager IAM Adds Two Senior Execs

Dec 1 2009 | 8:53am ET

International Asset Management, a $2.6 billion fund management firm, is expanding its top ranks with two new hires. The firm has named Andrew Cade to lead its client development and marketing and Mark Faulkenberg to oversee operational due diligence.
                                                                           
Cade, who will be based in London, has over 14 years of investment experience, with seven those in the hedge fund industry. He was formerly a director at ABN AMRO and a member of the alternative investment funds team specializing in listed hedge fund and private equity vehicles.  During his time at ABN AMRO, Cade advised IAM on its listed fund Alternative Investment Strategies Ltd. Prior to this, he worked in similar roles at Société Générale and ING Barings.
 
Faulkenberg, who will be based in New York, will be responsible for leading the due diligence process at IAM which involves assessing whether funds have robust systems, processes, infrastructure and adequate staffing in place. He has over 15 years of risk management experience in the hedge fund and fund of hedge funds industry. Previously, he worked for Neuberger Berman as senior vice president and at Prisma Capital Partners as head of operational due diligence. Prior to this, he spent nine years as the chief operating officer of the hedge fund group Ramsey (Quantitative Systems, Inc.).

“Both Andrew and Mark have a wealth of experience in their respective fields and we are delighted that they have chosen to work at IAM. These appointments will further strengthen our client development, marketing and risk management teams here at IAM,” said Morten Spenner, CEO at IAM.


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