Hedge funds-of-funds manager HFA Asset Management has made additions to its sales team across three states.
Oscar Martinis, HFA head of distribution, said the company had hired business development managers in Queensland, Victoria and Western Australia. Luke Fletcher, previously a BDM with international real estate investment manager MacarthurCook Limited, has joined HFA in Melbourne, while Fred Gumibeau, formerly a product manager with CBH Group, has taken a position with HFA in Perth. Both Fletcher and Gumibeau joined the manager in July. Martinis would not name HFA’s new hire in Brisbane since they had not yet resigned from their current occupation. HFA employs 10 BDMs in Australia. Meanwhile, HFA announced last week that its merger with US manager Lighthouse Investment Partners LLC was proceeding, after receiving a credit approved loan from a major bank which, with additional equity financing, could close the deal. However, both companies agreed to suspend completion of the merger “until appropriate equity values in HFA are restored” in the stockmarket, HFA said in a statement.
21 August 2007 00:00
lighthouse, martinis, gumibeau, partners, merger, restored”, employs, receiving, proceeding, stockmarket, fletcher, until
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.