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Industry Updates

Data software provider PerTrac expands management team in response to growth in hedge funds industry

Wednesday, May 25, 2011

Brendan Dolan
Opalesque Industry Update - Company Hires Lisa Corvese to Lead Global Strategy and Jed Alpert to Head Global Marketing

PerTrac, the leading provider of analytics, reporting and communications software for investment professionals, announced two key additions to its management team today in response to the growth in hedge funds and the investment management industry as a whole. Lisa Corvese has been named Managing Director of Global Business Strategy, and Jed Alpert has been appointed Managing Director of Global Marketing.

“The investment management industry has expanded in the past year, and PerTrac is focused on delivering solutions that help our clients maximize returns, increase efficiency, manage compliance and reduce risk. I’m pleased to welcome two experienced industry and marketing veterans to PerTrac. Lisa and Jed will not only add increased depth to our management team, but also help us to continue to deliver innovative solutions for our clients across the continuum of the investing process,” said Brendan Dolan, Co-President of PerTrac.

According to PerTrac’s recent industry study, Sizing the 2010 Hedge Fund Universe, more funds are launching as alternatives become a larger portion of investor portfolios. In 2010, hedge fund assets under management (AUM) increased 11% over 2009 to $1.6 trillion and 1,184 new funds launched in 2010. The addition of Ms. Corvese and Mr. Alpert will help PerTrac meet the needs of investors and funds as AUM rises and the number of funds increase.

Before joining PerTrac, Ms. Corvese served as Head of Global Client Relationship Management for GlobeOp Financial Services, an independent financial technology firm that provides fund administration services. She has deep experience in the investment industry, has held executive-level positions at both Reuters and Standard & Poor’s and has launched successful businesses in electronic brokerage, wealth management and financial services.

Mr. Alpert has nearly 20 years of international B2B marketing experience with technology growth companies. Most recently he was Vice President of Marketing at ContextWeb, an online ad exchange. Mr. Alpert has also held management positions with Wolters Kluwer and began his career in consulting with the Washington, D.C.-based Advisory Board Company.

(press release)

PerTrac provides software solutions for investment professionals at the fund-level of investing including pensions, family offices, hedge funds, long-only managers, endowments, sovereign wealth funds, funds of funds and industry service providers. Founded in 1996, PerTrac is headquartered in New York with offices in London, Hong Kong, Tokyo, Reno, and Memphis.

Recent related articles:
PerTrac annual study finds new single manager hedge fund launches up 51% in 2010, AuM up 11% from previous year to $1.6tn Source

Opalesque Exclusive: 25% growth driven by pensions, endowments and foundations bolstering their in house hedge fund capabilities - PerTrac Source


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