Wed, Nov 22, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

The Hedge Fund Association expands board

Monday, September 10, 2012
Opalesque Industry Update - The Hedge Fund Association, an international organization that represents investors, hedge funds and service providers, announced that it has appointed Don Steinbrugge, chairman of Agecroft Partners, to its board of directors.

Mr. Steinbrugge will join the segment of the group’s board which represents the interests of hedge fund investors. The HFA also selected Joel Schwab, managing director of Hedge Fund Research (HFR) to be its new Midwest chapter director and Kislay (Sal) Shah of McGladrey to fill the newly created role of Connecticut chapter director. Mr. Shah also continues to serve on HFA’s board of directors representing the interests of hedge fund service providers.

Mr. Steinbrugge is the chairman and founder of Agecroft Partners, an award-winning hedge fund consulting and marketing firm, and has had a distinguished 27-year career in institutional investment management sales. Prior to forming Agecroft Partners, he was the head of sales and a founding principal of Andor Capital Management, which at the time ranked as the 2nd largest hedge fund in the world. Prior to that, he also held the roles as head of institutional sales for Merrill Lynch Investment Managers (now part of Blackrock) and head of institutional sales for NationsBank (now Bank of America Capital Management). Steinbrugge is also member of the investment committee for The City of Richmond Retirement System and The Science Museum of Virginia Endowment Fund, which gives him valuable insights into institutional investors’ decision making processes.

“The Hedge Fund Association has truly distinguished itself though its lobbying efforts on Capitol Hill and its advocacy for all industry participants with regulators during the current roll out of the JOBS Act. I am proud to join their accomplished team and look forward to helping enhance their efforts in the years ahead,” said Steinbrugge.

Mr. Schwab joined HFR in March of 2012 as a managing director and heads up business development for the firm’s hedge fund database and research products. Prior to joining HFR, Schwab launched and developed the commercial business of the HedgeFund.net hedge fund database for Channel Capital Group Inc. He also practiced law in the Corporate Department of the law firm Katten Muchin Zavis in Chicago.

“Chicago and the Midwest United States are important centers for the hedge fund industry,” Schwab stated. “In my role as Midwest chapter director, I plan to strengthen the HFA’s already significant presence in this region by increasing the number of educational and networking events, as well as direct outreach to industry participants,” he added.

Having recently re-located to McGladrey’s Stamford offices Mr. Shah serves hedge funds and other asset managers based in Connecticut and New York’s Westchester County as a partner for the accounting firm, McGladrey. Shah has provided services to the investment industry for more than 22 years, and has worked with a number of leading hedge funds, private equity firms, venture capital funds, fund of funds, mutual funds, collateral debt obligation funds and mortgage-backed assets trading and securitization companies. Prior to joining McGladrey, he served for 14 years with a “big four” accounting firm.

“One of the HFA’s most important missions has been - and remains - to speak up for the interests of smaller and emerging managers,” Shah pointed out. “However, as a part of our expanding industry advocacy efforts, we also work on behalf of larger hedge fund managers, many of whom are based in Connecticut.”

“Don, Sal and Joel’s insights into the institutional investment and hedge fund industries are widely sought after and we are thrilled that they are bringing them to the HFA,” said Mitch Ackles, president of the Hedge Fund Association.

Press release

bc

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Outlook - Gundlach's stock market warning comes true[more]

    From Bloomberg.com: Jeffrey Gundlach has been warning something's got to give. Based on the past two days, looks like we have our answer. Stocks fell around the world a second day and high-yield bonds headed for a fourth straight loss, resuming a historic correlation that the hedge fund manager on W

  2. Middle East - Saudi-Iran war would create this domino effect of global disaster, Saudi billionaires said to move funds from region to escape asset freeze[more]

    Saudi-Iran war would create this domino effect of global disaster From CNBC.com: Events appear to be spinning out of control in the Middle East, and the threat a Saudi-Iranian war is looking increasingly credible. Make no mistake, an out and out conflict between the two nations would be

  3. Investing - Six more Warren Buffett buys, including Southwest Airlines, Seth Klarman's Baupost Group bets on beaten-up health care, Roark Capital offers to buy Buffalo Wild Wings: Wall Street Journal[more]

    Six more Warren Buffett buys, including Southwest Airlines From Forbes.com: Our latest recommendation for aggressive investors is Restaurant Brands International . Hedge fund manager Bill Ackman has an incredible 40.1% of his fund at Pershing Square Capital Management invested in Restaur

  4. Investing - Tages Capital steps in to rescue Italy's Banca Carige, Hedge funds place $5.4bn bet on Toshiba's resurrection, Why outside investors are fleeing: John Paulson's 6 worst investments[more]

    Tages Capital steps in to rescue Italy's Banca Carige From TheTimes.co.uk: A little known London hedge fund has played a pivotal role in the first rescue of an Italian bank without state intervention since the country's bad debt crisis started three years ago. Banca Carige, a Genovese le

  5. Tourbillon Capital, a $3.4bn hedge fund that's been sounding the alarm about 'frothy speculation,' is suffering big losses[more]

    From Businessinsider.com: Tourbillon Capital, a $3.4 billion hedge fund firm led by Jason Karp, is suffering. The firm's flagship Global Master fund is down 3.5% for the first 17 days of November, bringing performance for the year to November 17 to a loss of 10.6%, according to a note to investors s