Money managers under the microscope
Another big name at ISAM
Hedge fund boutique ISAM (International Standard Asset Management) today revealed another big-name hire with the recruitment of former RAB Capital director and former Renaissance Investment Management co-CEO Rod Barker.
Last year ISAM recruited one of the best-known names in the hedge fund industry in the form of Stanley Fink, former CEO of Man Group, as well as former Labour party chief fundraiser Lord Levy, who hit the headlines in 2006 when he was arrested in the “cash-for-honours” investigation, although no charges were ever filed.
Barker’s role at ISAM, which currently manages a macro hedge fund, will be to build up its business and consider what new funds to launch.
The global hedge fund industry is still going through its share of problems after last year’s record poor performance and hefty client outflows, but the signs are looking good as Barker joins ISAM.
Fink not only left Man Group as the world’s largest listed hedge fund firm but also took charge of election fundraising for Britain’s Conservative party in January, while Levy’s prolific fundraising ability famously earned him the nickname “Lord Cashpoint”.