UK/EUROPE/US: Hedge fund of funds manager Arden Asset Management made further steps towards opening its London office, targeting European managers to its roster.
The New York-based investment house, with around $2 billion in assets under management, plans to open the office by September at the earliest. The firm has poached Ian McDonald and Todd Walters, both formerly of Morgan Stanley's international prime brokerage group as senior investment staff.
The appointments come as part of Arden’s strategy to spread its research effort, and increase coverage of European-based hedge fund managers
McDonald was a vice president in Morgan Stanley's international prime brokerage group's European capital introduction division, partly responsible for introducing hedge funds to fund of funds to pension funds among other investors. Before joining Morgan Stanley, he was an investment consultant at Cambridge Associates, London.
Walters served as vice president in sales and marketing for the European prime brokerage and hedge fund market, based in Hong Kong. Before that he was part of the investment team at Wurfbain Management, which manages Asian Capital Holdings, an Asian-focused fund of funds.
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