UK - Investec Asset Management has appointed Terence Moll as a strategist in its multi-asset team as the firm looks to build its in-house hedge fund capabilities.
Moll (pictured) joined Investec from hedge fund Metis Capital Management, where he served as both CIO and partner.
Philip Saunders, director and head of the multi-asset team at Investec, said: “It is a space where we felt we needed more expertise in. Investec had in the past outsourced to hedge fund of fund people, and we viewed this as an opportunity to change that.”
“We felt that if we used hedge fund of funds, then the client is essentially paying us to pay a hedge fund of funds who then choose hedge funds. It was an important gap we needed to fill, and will help us strengthen our hedge fund expertise and our offering overall.”
Saunders also highlighted the multi-asset arena as one that offered great opportunities, where he claimed investor demand for effective investment solutions exceeded supply.
By Damian Clarkson
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