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West Palm Beach (HedgeCo.net) – Hedge fund third party marketing firm, Agecroft Partners has hired its 5th Managing Director, Jarratt Ramsey. Jarratt spent the last 11 years at multi-billion hedge fund Chesapeake Capital Management.
"Jarratt is a wonderful addition to our firm. Our business model is to introduce large well established hedge funds in a consultative manner to institutional investors," Agecroft Partners’ Managing Partner Don Steinbrugge said, "It is imperative that the members of our firm are highly technically competent. Jarratt’s educational and professional experiences are very impressive. Furthermore, his knowledge of the hedge fund industry, and security markets should give him a lot of credibility with large institutional investors."
Jarratt’s responsibilities will include assisting with due diligence on potential hedge funds the firm may represent and introducing the firm’s hedge fund clients to large institutional investors located within the Northern region of the United States.
Agecroft Partners recently received the 2008 Third Party Marketer of the Year award. It was founded by Donald A Steinbrugge, CFA, a Founding Principal of Andor Capital Management when it was the 2nd largest hedge fund firm in the world. Don was also Head of Institutional Sales for Merrill Lynch Investment Managers. Agecroft Partners, LLC is a Member FINRA and SIPC.
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West Palm Beach (HedgeCo.net) – The CEO of Man Group, Peter Clarke, announced the appointment of the new CEO of the Middle East arm as Patrick Merville, to take effect from 1 October, following the retirement of Antoine Massad.
Man, a global leader in alternative investments, was the first hedge fund provider to open a local office in the Middle East 22 years ago. Under the leadership of Massad, Man has broken new ground and today enjoys clear leadership in the region.
Merville joined Man three years ago as deputy regional CEO and head of institutional business. He succeeds Antoine Massad who has decided to retire after nearly 20 years’ service with Man to pursue private interests.
Mr Clarke said the appointment was testament to Man’s ability to attract the best talent in the industry.
"Patrick takes the reins of the leading alternative investment firm in the Middle East at a time when sophisticated private and institutional investors are, increasingly, seeking an alternative to the traditional investment classes," he said.
"For Patrick, this is as a step up in his long career in alternatives. Patrick’s continuing goal will drive the business to new levels of success in the region on the back of Man’s range of innovative products and the region’s growing role in the global economy."
Before joining Man, Mr Merville was a director at Merrill Lynch in London, where he spent six years, first as an institutional salesperson in emerging market equities and then in the hedge fund prime brokerage sales group. An experienced banker with exposure to hedge funds and alternative investments throughout his career he has also held roles at HSBC in New York as vice-president in institutional sales, emerging market equities, and at Credit Agricole where he was an associate in the private equity business.
Merville holds a BA in Economics from the American University of Beirut and an MBA in Finance from Columbia Business School.
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FINalternatives- Hedge fund seeder Capital Z Asset Management has hired a Bear Stearns veteran to head up its marketing effort and support its portfolio funds.
James Marrone was named a partner and chief marketing officer at New York-based CZAM. Marrone joins after a decade at Bear Stearns Asset Management, where he led corporate institutional sales. Prior to joining BSAM, Marrone was director of marketing at Capital Management Associates.
“Jim’s appointment underscores out commitment not only to our currently sponsored hedge funds and those that we intend to sponsor, but also to our institutional investors who are interested in seeding the next wave of hedge fund managers,” Christianna Wood, CEO of CZAM, said. “Jim is a respected industry veteran with broad sales and marketing experience of alternative products.”
West Palm Beach (HedgeCo.net)- Security Global Investors (SGI) announced a strategic initiative to intensify its capital raising efforts for alternative global equity product offerings. The performance, transparency of the process and a 13-person investment team has garnered attention from hedge fund investors.
The company’s accelerated effort coincides with the hiring of industry veteran Sanjay Yodh to focus on the firm’s global alternative products. Yodh has more than a decade of institutional sales experience with J.P. Morgan and Deutsche Asset Management.
"Our experience and focus on risk management makes SGI’s alternative products especially attractive for institutional investors in today’s volatile markets,” noted Yodh.
Team leader John Boich, with more than 17 years experience in successfully managing global equity portfolios said,“We’ve always had a skilled team, a well-defined process, and competitive risk-adjusted performance track record.”
SGI has been managing institutional assets since 1962 and currently has approximately $9 billion in assets under management. The global equity team manages a Global Long Only (GLO), A Global Long / Short Long-Biased (GLS), and is launching a new Global Market Neutral strategy (GMN) this year.
