EUROPE - Nicola Meaden - founder and chairman of TASS Investment Research - has quit the firm to join the London office of multi-manager Blackstone Alternative Asset Management (BAAM).
Her move signals BAAM’s intention to increase its European presence. Meaden is hired as managing director and will be joined by Tremont TASS’ Valerie Benard as director.
Previously, BAAM - a unit of The Blackstone Group which advises the California Public Employees' Retirement System's $1bn hedge fund foray - managed European relationships directly from its New York office. As chairman and chief executive officer of Tremont TASS (Europe), Meaden directed all non-US activities of Tremont Advisers, particularly in Europe and Japan. She founded TASS Investment Research in 1990. After Tremont Advisers’ acquired TASS in 1999 and created Tremont TASS (Europe), Meaden continued as chairman of the new entity.
Bernard was previously the business development director of TremontTASS (Europe), managing the sales and marketing of investment advisory services, hedge funds of funds and CTA databases. She joined TASS Investment Research in 1994 and became a partner in 1998.
By Madhu Kalia
A number of pension schemes have been prompted to lock in gains with a move into bonds after the estimated deficit across FTSE 100 DB pension schemes improved by £36bn, over the 12 months ending 30 June last year, JLT Employment Benefits found.
HM Treasury has agreed in principle to give NEST a £329m contingent liability guarantee in the event of the master trust's wind up or closure.
AMP Capital has set up a dedicated team to help institutional investors, including pension funds, invest in infrastructure through direct equity allocations.