Tony Morrongiello Benedicte Gravrand, Opalesque Geneva: - Swiss fund of hedge funds house appointed Tony Morrongiello to the position of CEO of the company.
Morrongiello, who starts today, will manage ALTINís day-to-day operations and work towards maximising the firmís shareholder value. ALTIN, which was founded in 1996 and is based in Baar, Switzerland, is a $270m multi-strategy closed-ended firm listed on the London and Swiss stock exchanges.
Tony Morrongiello, 53, is well-known within the alternative management industry and has managed funds of hedge funds for more than 15 years. He was co-founder and CEO of Caliburn Capital Partners (2005-2012), a company which managed funds of theme funds in London, Geneva and Singapore. He reportedly also sits on various committees and boards of directors of funds of hedge funds.
Morrongiello used to run the Geneva branch of Caliburn Capital Partners (Note: I used to work there). Caliburn sold its Singapore subsidiary last summer, closed its Geneva offices, and slowly wound down to become a much smaller asset manager for the remaining London-based partners.
As part of its policy of full transparency to investors, ALTIN now regularly discloses its hedge fund holdings publicly, and the last of which was don......................
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