UK - BlueBay Asset Management has appointed David Zobel (pictured) as a principal and head of hedge fund strategies, a newly created role.
Zobel joins BlueBay from Deutsche Asset Management where he was a managing director, responsible for the group’s European fund of hedge funds business.
Zobel founded Deutsche’s original fund of hedge funds business in 1996 which was based in the Asia-Pacific region. Reporting directly to Hugh Willis, chief executive, Zobel will be responsible for all aspects of BlueBay’s hedge fund business other than the management of the portfolios themselves. Hugh Willis, CEO, commented: “David’s appointment represents a key strategic initiative for BlueBay and reflects our desire to embark on a second, major stage of growth and development in our hedge fund business – one designed to significantly build out and broaden our existing hedge fund business over the next two to three years.” By Daniel Flatt
The top stories this week were the High Court's decision to block the £12bn annuity transfer from Prudential to Rothesay Life, and a separate court ruling that 'raises the bar' for pension rectification exercises.
Guaranteed minimum pension (GMP) equalisation has soared to the top of pension schemes' to-do lists, with 58% stating it is a priority project, research from Equiniti has revealed.
Professional Pensions is holding its defined contribution (DC) conference on 4 September.