Spencer Young, the founder of the $2.5 billion listed hedge fund-of-funds group HFA, has stepped down as chief executive, being replaced by a newcomer to the company, Paul Jensen.
Jensen, a New Zealander, has extensive general management experience in financial services. He commenced at HFA earlier this month, but is currently on leave until January. His appointment followed a four-month search, after Young indicated he wanted to relinquish day-to-day responsibilities. Young was one of the big beneficiaries of HFA’s successful listing this year, with his investment being valued at the time at more than $60 million. He will remain on the HFA board.
19 December 2006 00:00
listing, valued, beneficiaries, jensen, relinquish, commenced, january, currently, hfa’s, appointment, successful, extensive
Investments
Asset managers that underestimate the importance of artificial intelligence to their businesses do so at their own peril, according to Anton Eser, global chief investment officer of Robeco, who thinks that many have less than a year to get across the “most important transformation” the industry has seen since the beginning of the index business more than 25 years ago.
Leave a Comment
You must be logged in to post a comment.