The firm hired a senior v.p. and consultant advisor for U.S. institutional services to work with relationship management teams and serve as a liaison with clients and consultants with a focus on the firm’s alternative investment capabilities.
The new director currently serves as executive v.p. and general manager of global and U.S. large enterprises, global commercial services at American Express.
A survey by Hedgeweek in May shows that 82% of emerging managers (<$250 million) cite attracting investor flows as the single biggest challenge for emerging and start-up managers during the initial launch process.
If the United States does fall into a recession, it would likely be “relatively short,” with only modest increases in unemployment, and may look like U.S. downturns in the early 2000s, an International Monetary Fund official said on Friday.