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 April 2007 00:00
keary, appointment, richard, commitment, firm’s, fortitude, stakes, vantage, chief, lourey, alternative, suite
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.