US - J. Hal McMath has been hired by investment house Blackstone Alternative Asset Management (BAAM) as vice president within its manager identification team.
McMath joins from Wilshire Associates where was a manager research analyst. At Wilshire he was a member of the manager research group, where he specialised in conducting due diligence and providing analysis on alternative and traditional fund managers. Before that he worked as a research analyst for the multi-manager hedge fund operation of Martini-Rossi Holdings, in Geneva, Switzerland.
In his new role he will assist Egidio Robertiello, who joined BAAM in July as managing director of the manager identification team.
BAAM invests more than $2.3bn in hedge fund managers through several multi-manager programmes.
By Madhu Kalia
Enhanced powers for The Pensions Regulator (TPR) to prosecute and fine company directors who "wilfully or recklessly" put their defined benefit (DB) pension scheme at risk will be hard to enforce, commentators say.
Melrose has pledged to contribute up to £1bn to GKN's pension schemes as part of a final offer to acquire the engineering business.
Existing master trusts will be forced to pay £41,000 when applying for authorisation under the upcoming regime, the government has confirmed.
UPDATE 2 - DWP publishes DB white paper: Stronger powers for TPR, DB chair statements to be introduced
The Pensions Regulator (TPR) will be given the power to fine company bosses who deliberately puts their defined benefit (DB) schemes at risk, the government has confirmed.