US alternative investment manager Numeric Investors has appointed Henk Brulleman, chief investment officer of the Netherlands based EUR13.4bn (US$11.5bn) Shell pension fund, as the firm's new European director.
Brulleman will start work at Numeric on July 1, and will be based in Voorburg, a suburb of the Hague. Currently, Numeric is seeking regulatory approval for an operational license and once that process is completed, Brulleman will be responsible for portfolio management, model development and client service for the firm’s European clients and products.
As the firm's European director, Brulleman will work with Rob Furdak, director of international strategies and principal European portfolio manager. A spokesman for Numeric added that Brulleman will divide his time between the Netherlands and the company’s headquarters in Cambridge, Massachusetts.
Additionally, the firm is looking to launch a long-only hedge fund strategy in Europe, sometime in 2002. The firm currently has US$1.4bn in market neutral funds with approximately $900m in the US and the rest divided between Europe and Japan.
By Geoffrey Ho
The registration deadline for the Workplace Savings & Benefits Awards 2019 is today.
This week's top stories were the DWP giving the green light to CDC and TPR granting extensions for 11 master trust authorisation applications.
Susan Martin says building strong foundations for business are the only way forward as the pensions industry is radically shaken up
The Pensions Regulator (TPR) has granted Now Pensions a six-week extension for its master trust authorisation application after the 31 March deadline, PP can reveal.