MFS Financial Services has appointed Richard Keary, the well-known alternatives manager, to the new position of chief investment officer of its MFS Alternative Investments subsidiary.
Keary, the former head of alternatives at BT Financial, was a former currency manager and funds management marketer before establishing what has become the $1.5 billion hedge funds of funds business at BT. MFS, which started life as a Gold Coast property development company, has strategic stakes in several alternatives managers, including HFA, Vantage Asset Management and, most recently, Fortitude Capital. Richard Lourey, MFS Alternative Investments chief executive, said yesterday that Keary’s appointment was indicative of the firm’s commitment to grow its funds under management, product suite and interests in Australian hedge funds. Keary will be based in Sydney.
17/04/2007
keary, appointment, richard, commitment, firm’s, fortitude, stakes, vantage, chief, lourey, alternative, suite
Investments
Canada has established its first national-level sovereign wealth fund with a seed of C$25 billion to underwrite “nation-building” projects like ports, mines and energy infrastructure. In an unusual funding mechanism, the fund will issue a retail product that will allow individual investors to invest with the SWF and “participate in Canada’s growth”.
Leave a Comment
You must be logged in to post a comment.