US - Karl Wellner has joined alternative investor Key Asset Management, responsible for the firm's US operations.
Wellner will be based in KAM’s recently opened New York office and will serve as chief executive officer.
Previously, he was director of business development at Julius Baer in New York in the 1990’s before becoming a private investor in the Scandinavian/Emerging Baltic Region.
Key Asset Management also has operations in London, Oslo, Geneva and New York. Year to date the performance for the Key Funds was Key Hedge Fund, 9.31%; Key Global, 4.64%; Key Asia Holdings, 5.28%; Key Europe, 4.75%; Key Global Emerging Markets, 2.03% (Single Manager Fund).
By Madhu Kalia
This week's edition of Professional Pensions is out now.
Laytons partner Jennie Kreser speaks of her concerns over pension outcomes.
Guy Opperman has indicated his support for a fresh pensions commission as the government seeks to understand how to progress pensions policy in a wide range of areas.
Auto-enrolment (AE) minimum contribution rates could rise to 12% by 2030, with a 50/50 split between employer and employee, the Pensions and Lifetime Savings Association (PLSA) says.