UK - Mercer Investment Management has lured Thames River Capital's Bill Muysken to serve as chief investment officer for alternative alpha strategies, a new position for the firm.
Muysken (pictured) begins next week and will be responsible for overseeing investment strategies with exposure to alternative alpha - those using short selling, leverage, derivatives, or that are esoteric in nature, Mercer said in a release.
In his London-based role, he will develop and launch new strategies and oversee existing strategies offered under Mercer's discretionary management.
Senior partner and business leader for Mercer Investment Management in Europe Middle East Africa Tom Murphy said the firm plans to continue expanding.
He told GP: "We plan to build out our capabilities in both the alternatives alpha and alternatives beta space over the foreseeable future. We see this as a very attractive area of the market as investors are increasingly seeking transparent and thoughful delegated alternative investment solutions."
Mercer president and global business leader for the firm's investment management business Rich Nuzum said: "As a result of governance challenges that have become widely recognized due to the global financial crisis, we see substantial demand from our clients for assistance in better managing their existing alternative investment exposures, and in expanding these exposures.
"Bill was a very early and vocal proponent, well before the crisis, of transparent hedge fund investing. Transparent hedge fund investing provides for custody of the assets separate from the manager, separate and independent pricing, and access to timely risk reporting based on underlying holdings data."
Muysken was most recently at Thames River Capital where he was a fund manager in the firm's multi-manager alternatives team.
Thames River is in the process of being sold to F&C Asset Management in a deal worth up to £53.6m (US$80.8m).
By moving to Mercer, Muysken is returning to his old stomping ground. He had previously spent 14 years there eventually becoming global head of research.
He could not immediately be reached for comment.
Officials at Thames River said they will not be replacing Muysken.
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