UK - Erik Bernhardt has been appointed as an associate director by the fund of hedge fund investment manager Pacific Alternative Asset Management Company (PAAMCO).
Bernhardt, who has been transferred to the London office from the company head office in Irvine, California, will assume responsibility for the evaluation of European long/short credit managers as well as those focused on emerging markets. He will also assist in servicing PAAMCO’s existing European client base.
Based in Irvine for the past three years, Bernhardt has previously focused on the equity market neutral space, and researched the development of risk and performance attribution tools on both a portfolio and hedge fund level.
Prior to joining PAAMCO, he studied asset allocation and portfolio construction in addition to manager research as a senior consulting associate at Cambridge Associates. As at December 2005 PAAMCO had about US$7.4bn in AuM, of which $500m is from European clients.
An unnamed London-based employer has been hit with a £350,000 fine from The Pensions Regulator (TPR) for failing to fully comply with its pension duties.
XPS Pensions has enhanced its fiduciary management selection service in order to help trustees through initial selection and mandatory re-tendering.
One in five defined benefit (DB) schemes are in The Pension Regulator's (TPR) weakest two categories, analysis by Hymans Robertson has revealed.
State Street Global Advisors (SSGA) has been selected as the first index manager for the Asset Management Exchange's (AMX) passive funds.