US - John Langeler has quit Husic Capital Management to join New York based hedge fund of funds manager, Optima Fund Management, as managing director and co-head of US institutional sales.
His focus will be to broaden awareness of Optima and its products among institutional investors and pension fund consultants. Optima already runs some US$2bn in institutional money.
Langeler was previously a senior vice president at Husic, responsible for business development and client relations. Before that he held senior business development and client relations at Fiduciary Trust Company International, Lehman Brothers, Bankers Trust Company and The Bank of New York. Dixon Boardman, Optima’s founder and managing member, said: “John understands the needs of institutional investors and consultants and has a thorough knowledge of alternative investments.
“We have invested heavily in our research team over the past two years and are eager to spread our message.’
PwC, KPMG, EY and Deloitte must break up their consultancy and audit businesses into distinct firms to provide greater focus on the "most challenging and objective audits", the competition watchdog has said.
The Department for Work and Pensions (DWP) has released its first batch of guidance setting out how the guaranteed minimum pension (GMP) conversion legislation may be used to resolve unequal payments.
This week's top stories include the government spending £800,000 on a Gogglebox advert and MPs writing to The Pensions Regulator about its engagement with the Railways Pension Scheme.