Key Takeaways
- • Investcorp's New York-based Hedge Funds Group appointed Jonathan Joyce as Head of Operational Risk, announced April 2, 2014.
- • Joyce brings nearly 10 years of hedge fund operations experience and was most recently Deputy Head of Business Risk at FRM Investments LLC, a subsidiary of Man Group Plc.
- • Joyce will monitor the group's operational risk and perform operational due diligence on all current and prospective hedge fund investments, reporting to Sunil G Nair, Head of Risk.
- • The Hedge Funds Group had approximately $4.8 billion in assets under management as of December 31, 2013, including over $2 billion in the Single Manager Platform.
Summary
Investcorp's New York-based Hedge Funds Group announced on April 2, 2014 that Jonathan Joyce has joined the firm as Head of Operational Risk. Joyce has nearly 10 years of hedge fund operations experience and joins from FRM Investments LLC, a subsidiary of Man Group Plc, where he most recently served as Deputy Head of Business Risk.
In the role, Joyce is responsible for monitoring the Hedge Funds Group's operational risk and performing operational due diligence on all current and prospective hedge fund investments. He reports to Sunil G Nair, Head of Risk for the Hedge Funds Group.
Lionel Erdely, Head and Chief Investment Officer of the Hedge Funds Group, said Joyce "joins our hedge funds risk team with a tremendous track record for managing operational risk." Erdely added that the group continues to emphasize its risk management culture as fiduciaries while implementing growth plans for multi-manager hedge fund portfolios and the seeding of emerging managers.
As of December 31, 2013, the Hedge Funds Group had approximately $4.8 billion in assets under management, including over $2 billion allocated to the Single Manager Platform, the firm's hedge fund seeding business established in 2004.
In the role, Joyce is responsible for monitoring the Hedge Funds Group's operational risk and performing operational due diligence on all current and prospective hedge fund investments. He reports to Sunil G Nair, Head of Risk for the Hedge Funds Group.
Lionel Erdely, Head and Chief Investment Officer of the Hedge Funds Group, said Joyce "joins our hedge funds risk team with a tremendous track record for managing operational risk." Erdely added that the group continues to emphasize its risk management culture as fiduciaries while implementing growth plans for multi-manager hedge fund portfolios and the seeding of emerging managers.
As of December 31, 2013, the Hedge Funds Group had approximately $4.8 billion in assets under management, including over $2 billion allocated to the Single Manager Platform, the firm's hedge fund seeding business established in 2004.
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