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.’
The Pensions and Lifetime Savings Association (PLSA) is in the process of convening an industry-wide group to take forward the work of the Institutional Disclosure Working Group (IDWG).
The Transfers and Re-registration Industry Group (TRIG) has given its support to an initiative which aims to complete occupational pension transfers within three weeks.
Scottish Widows has completed a bulk annuity deal for the Hitachi UK Limited Pension Scheme.