New Star has hired Charles Tritton, head of alternative investments at HSBC Bank, to head up its he...
New Star has hired Charles Tritton, head of alternative investments at HSBC Bank, to head up its hedge fund business, which has about $700m in assets under management.
Tritton, who joins New Star in July, will be responsible for building New Star's hedge fund business, which has already seen launches of three guaranteed hedge funds.
At HSBC, Tritton played a key role in structuring the rising capital guarantees for these long/short equity funds.
Tritton will develop and market a full range of new hedge fund products aimed at all types of investor, including UK high net worth investors, institutional and in particular the offshore retail market, as well as overseeing the marketing and servicing of existing products at New Star.
In addition, Tritton will be responsible for sourcing suitable hedge fund managers to join New Star's investment team and identifying potential hedge fund acquisition targets for the group.
Tritton has 10-years hedge fund experience working for HSBC Bank, and previously worked as head of institutional derivative sales before his current role.
Capitalising on his experience in dealing with derivative products, Tritton will also work alongside Ravi Anand, corporate finance director, to develop New Star's structured products range.
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